News: Banco Popular Espanol SA (POP.MC)
Wed, Dec 11 2013
MADRID/MEXICO CITY - Spanish lender Popular said on Wednesday it would raise up to 450 million euros ($620 million) by selling shares in the bank to new Mexican investors, allowing it to boost its solvency ratio and secure a stake in a small Mexican bank.
MADRID, Dec 11 - Spain's Banco Popular opened down around 1 percent after the bank announced it was carrying out a capital increase and buying a stake in Mexican financial group BX+.
MADRID, Nov 25 - Spain's Banco Popular said on Monday it had agreed to sell its property management unit to U.S. based investment firms Kennedy Wilson and Varde Partners, though it will retain a minority stake in the business.
MADRID, Nov 21 - Spain's Banco Popular has received preliminary offers from foreign investors for its property management unit Aliseda worth between 450 million euros ($605.9 million) and 600 million euros, three sources familiar with the situation said.
MADRID, Oct 31 - Spanish lender Banco Popular on Thursday said it saw its core capital ratio reaching at least 8.6 percent at the end of 2013 under the Basel III fully loaded criteria.
Lead Manager(s) Bank of America, Barclays, Santander GBM & UBS
LONDON, Oct 3 (IFR) - Order books on Banco Popular Espanol's Additional Tier 1 perpetual non-call five-year issue, the first of its kind in euros, are over EUR1.5bn according to the lead managers.
LONDON, Oct 3 (IFR) - Banco Popular Espanol, rated Ba3/BB-/BB+ at the senior level, has set initial price thoughts on its contingent convertible Additional Tier 1 deal, the first in euros, at 11.75% area.
* Investors to focus on extent capital buffer from trigger
(Adds background on Spanish banks, analyst views on Popular capital)