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
- USD weekly currency update- 5 February 2016
- When Expat Eyes Are Smiling
- 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
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
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
- UK urges Expats to vote in EU exit referendum
- Final Nail in the Coffin lid for Paramount Murcia ?
- AVE Train to Murcia's Corvera Airport to arrive in 2016
- Spanish king and queen postpone UK state visit
- Spain may compensate Bankia shareholders after flotation fraud claims
- PSOE refuse to bow to Podemos’ over negotiation demands
- Vodafone Spain revenues down 1.3% to EUR 1.26 bln in Q3
- Madrid-Riyadh Flight Evacuated
- Spain reports first European case of Zika-infected pregnant woman
- Spain's CaixaBank launches Samsung Pay