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Cajamar places new 500 million euro issue of mortgage covered bonds

07 de Junio, 2018

Cajamar Caja Rural has completed the placing of a new issue of five-year mortgage covered bonds maturing on 18 June 2023. With an issue amount of 500 million euros and orders totalling close to 950 million euros, the offer was 1.8 times oversubscribed.

The offering price was set at 54 points over mid-swap, the benchmark index for long-term bond issues.

The strong demand for this new issue, both from Spain and from abroad, demonstrates the support of national and international institutional investors for the financing activity of the Spanish cooperative banks, led by BCC-Grupo Cajamar.

The bookrunners for this issue were BBVA, Santander, UBS, Crédit Agricole and Raiffeisen Bank Int.

Cajamar Caja Rural is Spain's number one farm loan bank (caja rural) and the leading Spanish credit cooperative, with more than 1.3 million cooperative members and 3.5 million customers in 43 provinces. It is a member and the main shareholder of Grupo Cooperativo Cajamar, which as of 31 March 2018 has assets of 41,857 million euros, a business volume under management totalling 72,981 million euros, 1,046 branches and 5,584 employees. In size and asset volume, it is one of the 12 largest institutions in the Spanish financial system and the leader in cooperative banking in Spain.


Grupo Cooperativo Cajamar
Press office

950 21 03 86 | comunicacion@grupocooperativocajamar.com