Ramón y Cajal Guides Sareb’s €4.06B Bond Offering

Ramón y Cajal Abogados has played a crucial role in assisting Sareb with a significant €4.06 billion bond offering. The offering garnered subscriptions from major financial institutions, including CaixaBank, Ibercaja, and Unicaja.

Sareb, established by the Spanish Government in response to the financial crisis of 2008, is tasked with absorbing and managing distressed assets from Spanish financial entities deeply affected by the crisis.

The bonds issued as part of this offering have been admitted to trading on the Spanish regulated market AIAF. The Ramón y Cajal Capital Markets team, led by partner Carlos Lao (pictured), demonstrated expertise and proficiency in navigating this complex financial transaction. The team was further supported by associates Pablo Tejerizo Solanilla and Carlos Jimeno Cacho.

This successful bond offering not only strengthens Sareb’s financial position but also marks a collaborative effort with key financial entities in the Spanish market.