CaixaBank to Issue $588 Million in Convertible Financial Instruments

Dow Jones

Sep 16, 2025

By Billy Gray

CaixaBank said it plans to issue financial instruments that will be convertible into ordinary shares totaling 500 million euros ($588.1 million).

The Spanish bank said late Monday that the so-called perpetual preferred securities will allow it to raise additional Tier 1 capital, a safety buffer popular among European lenders.

CaixaBank said it can opt to buy back the securities given certain conditions, and if the group's financial health deteriorates--specifically, if its common equity Tier 1 ratio falls below 5.125%--they might be converted into ordinary shares.

The bank said professional investors can buy the securities at face value and be paid 5.875% annual interest until Sept. 25, 2035, when the interest rate will begin to change every five years based on a market benchmark.

Write to Billy Gray at william.gray@wsj.com

(END) Dow Jones Newswires

September 16, 2025 01:52 ET (05:52 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2567417694","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567417694","pubTimestamp":1758001920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"CaixaBank said it plans to issue financial instruments that will be convertible into ordinary shares totaling 500 million euros .The Spanish bank said late Monday that the so-called perpetual preferred securities will allow it to raise additional Tier 1 capital, a safety buffer popular among European lenders.CaixaBank said it can opt to buy back the securities given certain conditions, and if the group's financial health deteriorates--specifically, if its common equity Tier 1 ratio falls below 5.125%--they might be converted into ordinary shares.The bank said professional investors can buy the securities at face value and be paid 5.875% annual interest until Sept. 25, 2035, when the interest rate will begin to change every five years based on a market benchmark.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","CAIXY":"Caixabank SA"},"translate_title":"CaixaBank将发行5.88亿美元的可转换金融工具","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAIXY":0.9},"content_text":"By Billy Gray \n\n\n \n\n\n  CaixaBank said it plans to issue financial instruments that will be convertible into ordinary shares totaling 500 million euros ($588.1 million). \n\n\n  The Spanish bank said late Monday that the so-called perpetual preferred securities will allow it to raise additional Tier 1 capital, a safety buffer popular among European lenders. \n\n\n  CaixaBank said it can opt to buy back the securities given certain conditions, and if the group's financial health deteriorates--specifically, if its common equity Tier 1 ratio falls below 5.125%--they might be converted into ordinary shares. \n\n\n  The bank said professional investors can buy the securities at face value and be paid 5.875% annual interest until Sept. 25, 2035, when the interest rate will begin to change every five years based on a market benchmark. \n\n\n \n\n\n  Write to Billy Gray at william.gray@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 16, 2025 01:52 ET (05:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}