Bankinter successfully places a preferred senior debt issue for 750 million euros

Today Bankinter successfully closed the issue of 750 million euros in eight-year preferred senior debt with the possibility of early redemption in the seventh year. In just three hours, the issue achieved a demand of 2.5 billion euros, which is three times the amount offered.

The Bank placed the issue at an interest rate of midswap +110 basis points. In total, 150 institutional investors responded to the issue, with 83% placed among international investors.

Bankinter, Crédit Agricole CIB, HSBC, ING and Santander S.A. acted as lead banks for the transaction. The issue was co-managed by Nord LB and Helaba.