The issue was completed in just three hours and registered a demand of three times the amount offered.
The term of the transaction has been set at eight years, with the option for Bankinter to cancel the issue on the seventh anniversary.
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.