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BN 11/11 16:47 *CAIXABANK SAYS ISSUE TO ADD 37 BPS TO FULLY LOADED BASEL III BN 11/11 16:43 *CAIXABANK SAYS VALUE OF REPSOL EXCH. BOND ISSUE IS EU620 MLN BN 11/11 16:42 *CAIXABANK TO PLACE BONDS EXCHANGEABLE FOR REPSOL STOCK
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CaixaBank to Issue EU620 Mln Bonds Exchangeable for Repsol Stock 2013-11-11 16:53:35.650 GMT
By Charles Penty Nov. 11 (Bloomberg) -- CaixaBank says 3-yr bonds to yield fixed annual interest of 4.5% to 5%. * Bonds to be exchangeable for Repsol ordinary shares up to 2.5% of oil co.’s capital, bank says; issue to go ahead through accelerated bookbuilding process led by Citigroup, Morgan Stanley * CaixaBank to keep 12.02% stake in Repsol; holding could drop by a maximum of 2.5% following bond exchange * CaixaBank says issue aimed at optimizing capital structure; assuming exchange, banks expects to increase fully-loaded BIS III core capital ratio by ~37bps * CaixaBank comments in regulatory filing today
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