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Bankinter successfully places preferred senior debt issue for 500 million euros

The 5-year securities issued were placed in only three hours.

Bankinter successfully placed an issue of five-year preferred senior debt for the amount of 500 million euros in the market in only three hours. The securities are set at 75 basis points over midswap, which means a 0.90% yield at a price below the pricing initially indicated.

The issue and disbursement date is set for 5 March of this year, and the redemption date is set for 5 March 2024. The issue has received a demand of over 2.2 billion euros, which is more than four times the offered amount. It was also placed among more than 160 institutional investors, 60% of which are foreign.

This issue was underwritten by Bankinter, Barclays, BBVA and Natixis.