trending Market Intelligence /marketintelligence/en/news-insights/trending/xw0i3ouznbn9ifxqcflkog2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Ibercaja Banco prices €350M AT1 offering

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Ibercaja Banco prices €350M AT1 offering

Spanish lender Ibercaja Banco SA priced €350 million of Additional Tier 1 notes with a 7% fixed coupon.

The notes would be written down to as little as 1 euro cent per security if the bank's common equity Tier 1 ratio falls below 5.125%. The perpetual, temporary write-down securities will carry the 7% coupon until April 6, 2023, after which they will reset every five years to the prevailing five-year midswap rate plus 6.809%.