Bankia : Focus Emission
Après la réussite de son émission Tier 2 de 500 m EUR en mars dernier (la première depuis 2014), très plébiscitée, avec un book de 5.2 mds EUR, Bankia lance une première émission d’AT1. L’objectif est de remplir son bucket AT1 et ainsi améliorer sa distance aux exigences réglementaires. A RWA actuels, Bankia a besoin d’émettre 1.4 md EUR d’AT1. La banque devrait venir en deux temps, avec une première souche cette semaine de 750 m EUR environ. Cette dernière, en euro, présente des caractéristiques ‘classiques’ des AT1 des banques espagnoles : low trigger à 5.125% et conversion en actions. La date de premier call sera 5 ou 7 ans. >Bankia is a financial institution based in Spain. Co. is primarily engaged in operations in the banking sector. Co.'s business operations are structured into seven areas: Retail Banking, Business Banking, Private Banking, Asset Management and Bancassurance, Capital Markets and Holdings. Co. offers financial products and services to various customer segments, such as individuals, small and medium enterprises, large corporations, as well as public and private institutions. As of Dec 31 2014, Co. had total assets and total customer deposits of Euro233,648,603,000 and Euro106,806,698,000 respectively.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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