Key Developments: Banco Popular Espanol SA (POP.MC)

POP.MC on Madrid SE C.A.T.S.

4.71EUR
9 Jul 2014
Price Change (% chg)

€0.02 (+0.34%)
Prev Close
€4.69
Open
€4.73
Day's High
€4.78
Day's Low
€4.62
Volume
15,931,503
Avg. Vol
12,890,672
52-wk High
€5.95
52-wk Low
€2.53

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Latest Key Developments (Source: Significant Developments)

Banco Popular Espanol sets conversion price of bonds
Monday, 30 Jun 2014 11:54am EDT 

Banco Popular Espanol SA:Sets conversion price of convertible bonds (Bonos Subordinados Obligatoriamente Convertibles en acciones de Banco Popular Espanol IV/2012), corresponding to second period of obligatory conversion, at 5.27 euros.  Full Article

Banco Popular Espanol gives further details on acquisition of retail banking and card units of Citibank Espana
Monday, 23 Jun 2014 04:48pm EDT 

Banco Popular Espanol SA:Says on June 23 it signed agreement to buy retail banking and card units from Citi in Spain.Closing of transaction expected in third quarter.Lazard acted as adviser of operation.Under agreement, Banco Popular acquires portfolio with about 1.2 million customer accounts, 2.3 billion euros in assets under management, 2 billion in deposits, more than 1.1 million cards, 45 offices and 950 employees.  Full Article

Banco Popular Espanol signs acquisition of Citi Spanish units-Reuters
Monday, 23 Jun 2014 11:57am EDT 

Banco Popular Espanol SA:Signs deal with Citi to buy its retail banking and credit card business in Spain-Reuters.Popular and Citi said in April they were in talks over units, including 45 branch offices.Popular did not detail how much it would pay for acquisition.  Full Article

S&P affirms its credit ratings and outlook on Banco Popular Espanol
Wednesday, 4 Jun 2014 01:37pm EDT 

Banco Popular Espanol SA:Standard and Poor’s ratings Services has affirmed its credit ratings and outlook on company at B+/B/negative.  Full Article

Banco Popular Espanol reaches agreement to sell its business to BNP Paribas Securities Services
Wednesday, 30 Apr 2014 02:44pm EDT 

Banco Popular Espanol SA:Reaches agreement with BNP Paribas Securities Services to sell its investment fund trust and custody business, pension plans, SICAVs and EPSVs in Spain.Further details were not provided.  Full Article

S&P affirms credit ratings on Banco Popular Espanol
Tuesday, 29 Apr 2014 02:24pm EDT 

Banco Popular Espanol SA:Standard and Poor’s has affirmed its credit ratings on company at B+ and B.Outlook negative.  Full Article

Banco Popular Espanol sets conversion price of bonds
Tuesday, 8 Apr 2014 11:42am EDT 

Banco Popular Espanol SA:Sets conversion price of convertible bonds (Bonos Subordinados Obligatoriamente Convertibles en acciones de Banco Popular Espanol III/2012), corresponding to third and last period of obligatory conversion, at 5.38 euros.  Full Article

Banco Popular Espanol sets conversion price of bonds
Tuesday, 1 Apr 2014 11:58am EDT 

Banco Popular Espanol SA:Sets conversion price of convertible bonds, corresponding to third and last period of obligatory conversion, at 5.39 euros.  Full Article

Fitch affirms credit ratings on Banco Popular Espanol
Wednesday, 26 Mar 2014 03:30pm EDT 

Banco Popular Espanol SA:Fitch Ratings has affirmed long and short-term credit ratings on company at BB+ and B, respectively.Outlook negative.Fitch has changed individual strength rating to BB- from BB+.  Full Article

Banco Popular Espanol SA modifies conversion price of shares
Wednesday, 26 Feb 2014 12:02pm EST 

Banco Popular Espanol SA:Amends the conversion price of the shares of the company for the purpose of conversion of BSOC II/2012 bonds.New conversion price set at 17.88 euros per share.Minimum conversion price for BSOC III/2012 and BSOC IV/2012 bonds remained unchanged at 2.50 euros per share.  Full Article

BPE prepares for stress tests with high trigger CoCo sale

LONDON, July 4 (IFR) - Banco Popular Espanol is preparing to sell its first high trigger CoCo, helping the lender to strengthen its capital base ahead of European stress tests.

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