Banco PopularEspañol SA said June 17 that its rights issue of 2,004,441,153 new shares was , valuing the transactionat approximately €2.51 billion.

A total of 1,999,048,324 new shares were subscribed duringthe pre-emptive subscription period that ended June 11. The remaining 5,392,829shares were allocated in response to subscription requests for 722,016,168shares.

Overall demand for the capital increase amounted to €3.40billion, or 135.75% of the transaction size.