AIAF, BME’s Corporate Debt market, admitted to trading an issue of unsecured bonds to the value of 1 billion euros by La Caixa, carried out under British law and with an English-language prospectus.
The term of the issue is 5 years and the securities’ nominal per unit is 100,000 euros, with an interest rate of 2.375%.
Barclays, CaixaBank, Citigroup, J.P. Morgan and Morgan Stanley will act as Global Coordinators for the issue, which is geared to institutional investors as well as Spanish and non-resident investors.
"What's new about this issue - conducted pursuant to the amendments made by CNMV last November concerning the registration procedures for Fixed Income issues - is that this is the first time that an issue under British law, accompanied by an English-language prospectus, has been admitted to trading on the AIAF market. Additionally, by being listed on a Spanish Official Secondary Market (AIAF) the tax treatment of the securities is aligned with the requirements envisaged by the tax legislation", highlighted Julio Alcántara, CEO of AIAF.