Foto sede cedulas.jpg

Bankinter successfully places a covered bonds issue for 750 million euros

Today, in the space of just four hours, Bankinter placed a covered bonds issue on the market for 750 million euros, with a term ending on 29 May 2028.

The issue registered a demand of more than 900 million euros, representing more than 1.2 times the amount offered, and was placed at a rate of MS+40 bp, with a yield of 3.08%.

 The debt was placed among 58 institutional investors, 53% of which are international.

 Bankinter has therefore capitalised on the last issuance windows of the year, achieving amount and term objectives that few banks have secured in the covered bonds market.

 The placement banks for the transaction were Bankinter, Deutsche Bank, HSBC, Natixis and Santander.