Grupo Cajamar has placed today, through the Banco de Crédito Social Cooperativo, a senior preferred debt issue for an amount of 500 million euros with a maturity of six years, and the orders received have excedeed 2.1 billion euros, 4.2 times more. Given the good reception of the market, the placement price of the issue has been set at 4,2 %, below the starting price.
Through this issue, which has an early amortization window of five years, Grupo Cajamar increases its volume of liabilities eligible for compliance with MREL, thus the MREL ratio exceeds 25%, above the requirement set at 23.08 % for January 1, 2025.
The positive evolution, results and rating of Grupo Cooperativo Cajamar have raised market interest, obtaining an excellent response to the issue with a high volume of high-quality account orders from more than 180 institutional investors, of which around 85 % are international.