Ibercaja issues senior debt amounting to 500 million euros

ZARAGOZA, June 9. (EUROPA PRESS) -

Ibercaja Banco has successfully completed, this Thursday, June 9, the placement of a senior preferred debt issue for an amount of 500 million euros. With this operation, once again, the confidence of investors in the entity is ratified, as well as its "proven capacity" to access international capital markets.

This is how Ibercaja explained it in a press release. As he has detailed, the total demand received has been more than 800 million euros, from more than 70 different qualified investors -investment funds, insurance companies and pension funds, among other profiles-. 72% of this demand has corresponded to international entities of different geographical origins.

The maturity date of this senior preferred debt instrument has been set for June 2025, and an early amortization window may open in June 2024. In other words, its maximum term is three years.

Based on the data reported at the end of March 2022 and taking into account the amount of this issue, the MREL ratio reaches 20.6% compared to the 21.1% requirement for January 2024, thus advancing the entity in achieving this regulatory goal.

The advisory banks for the issue were Barclays, J. P. Morgan, Morgan Stanley and Société Générale.