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Spain's BFA pays back 9.9 bln eur in state-backed bond issues
August 22, 2014 / 12:46 PM / 3 years ago

Spain's BFA pays back 9.9 bln eur in state-backed bond issues

MADRID, Aug 22 (Reuters) - Spain’s Banco Financiero y de Ahorros (BFA), the government-owned holding company which controls Bankia, said on Friday it had redeemed early 9.9 billion euros (13.14 billion US dollars) in two state-guaranteed bond issues.

The move will improve BFA’s debt profile following the partial nationalisation of Bankia as a result of Spain’s financial crisis. (1 US dollar = 0.7535 euro) (Reporting by Sarah White; Editing by Elisabeth O‘Leary)

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