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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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  • 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