Bankia SA (BKIA.MC)
21 Jul 2017
LONDON, July 6 (IFR) - Bankia is set to price its inaugural Additional Tier 1 bond through fair value, proving the market is wide open for Spanish lenders despite sub debt investors at Banco Popular being wiped out only last month.
LONDON, July 6 (IFR) - Bankia has set guidance on its inaugural Additional Tier 1 bond, a no-grow €750m perpetual non-call five-year, at 6%-6.125%, according to a lead.
LONDON, July 6 (IFR) - Bankia is marketing its inaugural Additional Tier 1 bond, a no-grow €750m perpetual non-call five-year, at 6.5% area coupon IPTs, according to a lead.
* TO CARRY OUT AN ISSUE OF PREFERRED SECURITIES CONTINGENTLY CONVERTIBLE INTO NEWLY ISSUED ORDINARY SHARES
* SAYS SELLS PORTFOLIO OF NON-PERFORMING LOANS (NPL) WITH NO MORTGAGE GUARANTEE WORTH 100 MILLION EUROS TO EOS SPAIN
June 27 Spain's Economy Minister Luis de Guindos:
* Analysts see the deal as reasonable in financial terms (Includes analysts valuations, previous estimate by the FROB)
June 27 Chairman of Spain's Bankia, Jose Ignacio Goirigolzarri:
* Says Bankia is focused on integration with BMN and is not considering any other acquisitions
MADRID, June 27 Spain's Bankia said on Tuesday it has agreed to acquire Banco Mare Nostrum (BMN) in a 7.8-for-1 share swap deal which values the smaller lender at around 825 million euros ($924 million).