Davis Polk advised the dealers in connection with the offering by CaixaBank of $1 billion aggregate principal amount of 6.684% senior non-preferred callable fixed-to-floating rate notes due 2027 and $1 billion aggregate principal amount of 6.840% senior non-preferred callable fixed-to-floating-rate notes due 2034 pursuant to CaixaBank’s $5 billion Rule 144A / Regulation S U.S. medium-term note program.
CaixaBank is a leading financial group in Spain, offering banking and insurance services to more than 20 million customers. The bank’s shares are traded on the Spanish stock exchanges.
The Davis Polk U.S. corporate team included partner Michael J. Willisch, counsel Ester del Valle Izquierdo and associates Paula Querol and Michael McGuire. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided U.S. tax advice. Members of the Davis Polk team are based in the Madrid and London offices.
Image: Partner Michael J. Willisch, counsel Ester del Valle Izquierdo and associates Paula Querol and Michael McGuire.