Banco Popular issues €500m senior bond

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Spain’s Banco Popular has issued a senior bond for a total of €500m, a five-year maturity and 2% coupon.

Banco Popular also said that the bond issue has met the favour of both international investors – 74% of subscriptions – and national investor – 26%.

As per the international investors, the UK topped the subscriber list taking up to 44% of total investments. Italy followed with 15% and Portugal with 7%.

So far, the senior bond issue has received 83 orders, 62% of which came from fund managers; 23% from banks and 11% from pension funds and insurance companies.

In 2014, Banco Popular issued a total of some €2bn in financial instruments, the bank also said.

 

Milan

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