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CaixaBank : Focus Emission

CaixaBank has this week conducted deal roadshows for an inaugural Additional Tier 1 (AT1). The instruments will be denominated in EUR and a benchmark size (EUR750m envisaged). Its main features will be similar to existing Spanish AT1 (low trigger, equity conversion). The date of first call has not been decided yet, and the bank envisages a first call date after 5 years (2022) or 7 years (2024).>
Underlying
CaixaBank SA

Caixabank is an investment company based in Spain. Co. is involved in investment portfolio management activities across two areas: Services and Financial Business and Insurance. In the services area, Co. provides investment solutions for companies involved in the infrastructure, energy, services and entertainment sectors. In the financial business and insurance area, Co. is engaged in the investments for international banks, insurance and specialist financial services. Co. focuses most of its banking investments in India, China, the U.S., and Central and Eastern Europe with a particular interest in retail banking. Co. is also involved in the disinvestments activities.

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Oddo BHF
Oddo BHF

​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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