By Cristal Cody
Tupelo, Miss., Dec. 9 – Fundacion Bancaria Caixa d’Estalvis i Pensions de Barcelona, formerly known as La Caixa, priced €1.83 billion of notes in the FonCaixa FTPyme 5 collateralized loan obligation transaction, according to a market source.
The CLO sold €1,555,500,000 of series A floating-rate notes at Euribor plus 126 basis points.
In the second tranche, the CLO priced €274.5 million of series B floating-rate notes at Euribor plus 391 bps.
CaixaBank was the placement agent.
La Caixa will manage the CLO, which is secured by small- and medium-sized enterprise loans in Spain.
The company operates as CaixaBank and is based in Barcelona.
Issuer: | FonCaixa FTPyme 5
|
Amount: | €1.83 billion
|
Securities: | Floating-rate notes
|
Structure: | Cash flow CLO
|
Placement agent: | CaixaBank
|
Manager: | Fundacion Bancaria Caixa d’Estalvis i Pensions de Barcelona
|
Pricing date: | Nov. 24
|
|
Series A notes
|
Amount: | €1,555,500,000
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 126 bps
|
Rating: | Moody’s: A3 expected
|
|
Series B notes
|
Amount: | €274.5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 391 bps
|
Rating: | Moody’s: B2 expected
|
© 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.