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Nuova emissione odierna
T2
ISSUER: Bankia S.A. (Ticker: BKIASM)
EXPECTED ISSUE RATINGS: BB/BB+ [S&P/Fitch]
SECURITY: Dated Subordinated, Tier 2
FORMAT: Reg S Dematerialised Book Entry Notes (No offers or sales into the US and Canada)
SIZE: EUR 500mm (no grow)
SETTLEMENT: [15] March 2017
MATURITY: [15] March 2027 (10NC5)
ISSUER'S CALL: On [15] March 2022 at par, subject to the prior regulatory authorisation of the Bank of Spain
IPTs: MS + 375bps area = 3.87%
COUPON: Fixed, Annual, Act/Act (ICMA), one time reset after year 5 to prevailing 5yr MS + Updated Margin
UPDATED MARGIN: [●]% which is the original reoffer spread
COUPON DEFERRAL: None
REGULATORY CALL: At any time at par, following full or, to the extent not prohibited by the Applicable Banking Regulations, partial loss of regulatory capital treatment as Tier2, subject to the prior regulatory authorisation of the Bank of Spain
TAX CALL: At any time at par, if there is a change in the applicable tax treatment of the instrument, subject to prior regulatory authorisation of the Bank of Spain
NON-VIABILITY: Statutory, within risk factors
LISTING AIAF
DENOMS: EUR 100k + 100k
T2
ISSUER: Bankia S.A. (Ticker: BKIASM)
EXPECTED ISSUE RATINGS: BB/BB+ [S&P/Fitch]
SECURITY: Dated Subordinated, Tier 2
FORMAT: Reg S Dematerialised Book Entry Notes (No offers or sales into the US and Canada)
SIZE: EUR 500mm (no grow)
SETTLEMENT: [15] March 2017
MATURITY: [15] March 2027 (10NC5)
ISSUER'S CALL: On [15] March 2022 at par, subject to the prior regulatory authorisation of the Bank of Spain
IPTs: MS + 375bps area = 3.87%
COUPON: Fixed, Annual, Act/Act (ICMA), one time reset after year 5 to prevailing 5yr MS + Updated Margin
UPDATED MARGIN: [●]% which is the original reoffer spread
COUPON DEFERRAL: None
REGULATORY CALL: At any time at par, following full or, to the extent not prohibited by the Applicable Banking Regulations, partial loss of regulatory capital treatment as Tier2, subject to the prior regulatory authorisation of the Bank of Spain
TAX CALL: At any time at par, if there is a change in the applicable tax treatment of the instrument, subject to prior regulatory authorisation of the Bank of Spain
NON-VIABILITY: Statutory, within risk factors
LISTING AIAF
DENOMS: EUR 100k + 100k