Caixa Galicia buys back €5.5 million of series 8 step-up securities

By Ashley Montgomery

Kansas City, Kan., Nov. 17 - Caixa Galicia Preferentes, SA, Sociedad Unipersonal said it repurchased €5.5 million of series 8 step-up fixed/floating-rate noncumulative perpetual guaranteed preferred securities on Monday.

Following the transaction, the amount outstanding is €56.95 million.

The issuer is a subsidiary of Caja de Ahorros de Galicia, which merged with Caixa de Aforros de Vigo, Ourense e Pontevedra in 2010 to become Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra. The company is located in A Coruna, Spain.

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