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Cajamar places an issue of covered bonds for an amount of 750 million euros

09 de Febrero, 2023

The orders received have surpassed 1,600 million euros, with  demand that has exceeded supply by 2.2 times.

Sede Social Cajamar Caja Rural Y Sscc 1588665607

Headquarters of Cajamar Caja Rural and Central Services.

Cajamar Caja Rural has completed the placement of a new issue of 5-year mortgage covered bond, maturing on 16 of February of 2028. The amount of the issue has been 750 million euros and the orders received have surpassed 1,600 million euros, with demand exceeding supply by 2.2 times.

The placement price of the issue has been set at 50 basis points over the mid-swap rate, spread lower than the last issue of covered bonds made by the entity in 2018; and will pay an annual coupon of 3.375 %.

The high demand obtained in the placement shows the support of national and European institutional investors for the financial activity of the Cajamar cooperative bank.

The banks placing this transaction have been Crédit Agricole, HSBC, Natixis, Santander and UBS.

Grupo Cooperativo Cajamar
Press office

950 21 03 86 | comunicacion@grupocooperativocajamar.com