How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Mr Grumpy v Angeles Duran
- Daily Brief - Tuesday 14 October 2014
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
Caja Madrid refinances 3.9 bln eur of debt
Spanish savings bank Caja Madrid said on Friday it has made a series of bond issues for a total of more than 3.916 billion euros to refinance debt maturing in 2012 and 2013.
The operation is part of a debt refinancing agreement announced by the Spain's second-largest savings bank at the beginning of November.
Caja Madrid and six other regional savings banks are in the process of completing an Institutional Protection Scheme (SIP), where they will merge certain assets but each retain their legal identity.
The new merged entity will be the third-largest banking group in Spain after a government-driven consolidation process cuts the 45 savings banks to fewer than 20.
Caja Madrid said at the beginning of November it would offer bondholders the chance to refinance debt.
Latest News & Stories
- Thousands of Catalans crowd Barcelona to call for early elections
- Jet2 linked to Castellon Airport
- Lidl Spain Defends Underpricing WIne
- Seville school faces trial for refusing of gay couple’s child
- Spain bad loans ratio rises to 13.2% in August
- Spanish court orders ex-bankers to deposit millions of euros
- Spain Wins UN Security Council Seat
- 2 Spain Ebola Suspects Test Negative
- 6 Murcia Police Officers Accused of Murder
- Spanish Authorities beat asylum seeker unconscious