Key Developments: Bankinter SA (BKT.MC)
2.77EUR
23 May 2013
€-0.07 (-2.50%)
€2.84
€2.75
€2.80
€2.73
2,280,979
3,110,362
€3.06
€1.32
Latest Key Developments (Source: Significant Developments)
Bankinter SA Adds EUR 500 Million to 2016 Bonds-Reuters
Reuters reported that Bankinter SA has increased bonds issuance of EUR 500 million. The bonds have the coupon of 2.75%, reoffer price of 101.65, spread of 172 basis points over midswaps, yield of 2.211% and maturity on July 26, 2016. The Payment Date is on May 13, 2013. Full Article
Bankinter SA Announces Bond Conversion Period
Bankinter SA announced the voluntary conversion period for the Series I and Series II 2011 Bonds (Convertible Bonds), registered in the Official Register of the National Commission of Securities Market on March 16, 2011, which will be effective between May 10, 2013 and May 13, 2013, both days included. The conversion price of the bonds will be as follows: for Series I-EUR 4.00 per share, and for Series II- EUR 3.21 per share. Full Article
Bankinter SA Announces Share Capital Increase And FY 2012 Interim Dividend Payment Proposal
Bankinter SA announced that its Board of Directors will submit for the shareholders’ approval, at the meeting to be held on March 21, 2013, a share capital increase in the amount of EUR 93,967,689 through the issuance of 313,225,630 ordinary shares at a value of EUR 0.30 per share. The Company is also planning an interim dividend payment for fiscal year 2012 in the amount of EUR 15,375,000 at a gross value of EUR 0.02727230 per share, effective on April 6, 2013. Together with the other dividends already distributed the Company’s gross dividend for fiscal year 2012 amounts to EUR 0.11048570 per share. Full Article
Credit Agricole SA Sells 5.2% of Bankinter SA's Share Capital
Credit Agricole SA announced that it has completed the sale of part of its holding in Bankinter SA's share capital, representing approximately 5.2% of the share capital and 29,300,000 shares. This disposal took the form of a private placement to institutional investors through an accelerated book-building process. The selling price was set at EUR 3.95 per Bankinter SA share. The gross proceeds from this transaction amount to EUR 116 million, resulting in a net capital gain of EUR 32 million. Following this offer, Credit Agricole SA will hold approximately 9.9% of Bankinter SA's share capital corresponding to 55,846,775 shares. Credit Agricole SA has agreed to a lock-up of its residual holding with the banks in charge of the placement for a period of 180 calendar days, subject to certain exceptions. The offer is managed by Credit Agricole Corporate and Investment Bank acting as sole Global coordinator and Joint bookrunner, and Citi acting as Joint bookrunner. Full Article
Bankinter SA Prices EUR 500 Mln 2018 Bond-Reuters
Reuters reported that Bankinter SA has priced its EUR 500 million bond. The bonds have the coupon of 3.125%, reoffer price of 99.668, spread of 220 basis points over midswaps, yield of 3.198% and maturity on February 5, 2018. The Payment Date is on February 5, 2013. Full Article
Bankinter SA Prices EUR 500 Million 3.5-Year Covered Bond-DJ
Dow Jones reported that Bankinter SA sold EUR 500 million (USD 653.5 million) of three and a half-year covered bonds. Bankinter, Barclays, BBVA and Societe Generale were lead managers. The bonds have the coupon of 2.75%, reoffer price of 99.648, spread of 220 basis points over midswaps, yield of 2.86% and maturity on July 26, 2016. The Payment Date is on January 23, 2013. Full Article
Bankinter SA Plans Euro Covered Bond Issue-Reuters
Reuters reported that Bankinter SA is planning to issue a 3.5-year, euro-denominated covered bond. Bankinter, Barclays, BBVA and Societe Generale are the lead managers of the sale. Full Article
Bankinter SA Announces FY 2012 Third Interim Dividend Payment
Bankinter SA announced that the Company decided to distribute the third interim dividend payment for fiscal year 2012 at a net value of EUR 0.02154725 per share, effective on January 5, 2013. Full Article
Bankinter SA Announces Admission To Trading Of Its New Shares
Bankinter SA announced that the governing bodies of the Madrid and Barcelona Stock Exchanges have agreed on the admission to trading of the Company’s 28,963 new shares issued to meet the conversion of bonds into shares, effective on December 14, 2012. Full Article
Standard & Poor's Ratings Services Lowers Its Long-Term And Affirms Its Short-Term Credit Ratings on Bankinter SA-Reuters
Reuters reported that Standard & Poor's Ratings Services announced that it has lowered its long-term credit rating on Bankinter SA to BB from BB+ and removed it from CreditWatch negative, as well as it has affirmed its short-term credit rating on the Company at B. The outlook is negative. Full Article
Generali gets bids below book value for BSI-sources
LONDON - Generali's private bank BSI attracted bids below its estimated 2.3 billion Swiss francs ($2.5 billion) book value, four people familiar with the situation said on Tuesday.
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