February 18, 2025 09:37 GMT
FINANCIALS: Criteria Caixa (CAIXAB) - New Issue - €500m WNG 6Y - FV
FINANCIALS
- IPT: MS+135
- FV: MS+95 - Linear extension of the curve. Given the UOP the NIC might be bigger than usual, but a high quality issuer, on a positive ratings trajectory and a positive outlook still at Moody's for the BBB+ rating.
- Exp. Ratings: Baa1/BBB+ (Moody's/Fitch)
- UOP: General Corporate Purposes, including the refinancing in part of the syndicated bridge facility provided in connection with the issuer’s new strategic plan
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