Banco de Credito Social Cooperativo to fully redeem 2026 notes early

By Mary-Katherine Stinson

Lexington, Ky., Sept. 30 – Banco de Credito Social Cooperativo SA has announced it will redeem in full its €100 million fixed-rate reset subordinated notes (ISIN: XS1512736379) due Nov. 3, 2026 on Nov. 3, according to a company release.

The notes are being redeemed based on the issuer’s call option at the first reset date.

The redemption will be at par plus any accrued interest to the redemption date.

Following the redemption, all the notes will be canceled.

The issuer is a Madrid, Spain-based bank.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.