By Stephanie N. Rotondo
Phoenix, Nov. 12 - CaixaBank SA priced €594.3 million of 4.5% bonds exchangeable for shares of Repsol, SA.
According to a notice, Citigroup Global Markets Ltd. and Morgan Stanley & Co. International plc acted as joint bookrunners in the accelerated bookbuilding process.
The securities will be exchangeable for ordinary shares of Repsol representing up to a maximum amount of 2.5% of its share capital.
The minimum exchange price is €18.25 per share, with a maximum exchange price of €22.8125, which represents a 20.51% premium over Repsol's closing share price on Monday.
The company will request that the bonds be listed on the Irish Stock Exchange.
CaixaBank is a financial services company based in Barcelona.
| Issuer: | CaixaBank SA
|
| Securities: | Exchangeable bonds
|
| Amount: | €594.3 million
|
| Maturity: | Nov. 22, 2016
|
| Bookrunners: | Citigroup Global Markets Ltd., Morgan Stanley & Co. International plc
|
| Coupon: | 4.5%
|
| Price: | Par of €100,000
|
| Yield: | 4.5%
|
| Talk: | 4.5% to 5%
|
| Minimum exchange price: | €18.25 per share
|
| Maximum exchange price: | €22.8125
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 22
|
| Expected listing: | Irish Stock Exchange
|
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