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Clifford Chance
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News and awards

Clifford Chance advises CaixaBank on a EUR 750 million Perpetual Additional Tier 1 Preferred Securities issue

13 March 2023

Clifford Chance advises CaixaBank on a EUR 750 million Perpetual Additional Tier 1 Preferred Securities issue

Clifford Chance has advised CaixaBank, S.A. on its issue of convertible preferred securities (participaciones preferentes) intended to qualify as additional tier 1 instruments (EUR 750,000,000 Perpetual Non-Cumulative Contingent Convertible Additional Tier 1 Preferred Securities). The preferred securities are expected to be admitted to trading on AIAF Market (the Spanish fixed-income regulated market).

This transaction is further evidence of Clifford Chance's solid regulatory capital markets practice.

Our advising Capital Markets team was led by Partner Yolanda Azanza, who was supported by Senior Associate Francisco Pizarro and Junior Associate Mariana Ceballos.

Clifford Chance asesora a CaixaBank en su emisión de participaciones preferentes convertibles por 750 millones de euros

Clifford Chance ha asesorado a CaixaBank, S.A. en la emisión de participaciones preferentes convertibles destinadas a computar como instrumentos de capital de nivel 1 adicional (EUR 750,000,000 Perpetual Non-Cumulative Contingent Convertible Additional Tier 1 Preferred Securities). Las participaciones preferentes se admitirán a negociación en el Mercado AIAF de Renta Fija.

Esta emisión pone de manifiesto la consolidada práctica en operaciones de capital regulatorio de Clifford Chance.

El equipo de Mercados de Capitales fue liderado por la socia Yolanda Azanza con la colaboración del abogado senior Francisco Pizarro y la abogada junior Mariana Ceballos.