Spain’s CaixaBank calls €500 million CoCo securities on Sept. 19

By Mary-Katherine Stinson

Lexington, Ky., July 28 – CaixaBank, SA is calling its €500 million perpetual non-cumulative contingent convertible additional tier 1 preferred securities (ISIN: XS1880365975), according to a notice.

The notes will be redeemed on Sept. 19 at 100% of the liquidation preference of €200,000 per security plus any accrued interest.

Caixa has obtained consent from the European Central Bank for the redemption.

The banking and financial services group based in Barcelona, Spain.

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