Spain

When EU authorities wiped out some of Banco Popular’s bonds last month, it looked as if credit default swaps might finally compensate bank debt investors for their losses with little controversy, the Financial Times reported. Credit derivatives writt ...

Daily Headline - global.abi.org - 07/18/2017 - 22:20 - 0 comments

Bankia and CaixaBank sold a combined €1.75bn of subordinated debt less than a month after similar securities were torched at Banco Popular, in a clear sign of the market's maturity, Reuters reported on an International Financing Review story. State- ...

Daily Headline - global.abi.org - 07/09/2017 - 22:06 - 0 comments

CaixaBank is marketing the first Spanish Tier 2 since subordinated debt was wiped out at Banco Popular in June, and just a day before Bankia is expected to bring its inaugural Additional Tier 1, Reuters reported. Orders of over €2.75bn by the 11NC6' ...

Daily Headline - global.abi.org - 07/05/2017 - 22:05 - 0 comments

Talks between Spanish real estate company Reyal Urbis and its lenders have broken down, leaving the company just one step away from full liquidation, a source with knowledge of the talks said on Wednesday. Real Urbis has been in bankruptcy proceedings si ...

Daily Headline - global.abi.org - 06/21/2017 - 22:28 - 0 comments

Spain is calling for “aggressive” and rapid reforms of the single currency area, including the creation of a powerful pan-European treasury and a mechanism to force through labour market and other reforms in recalcitrant member states, the Financial Ti ...

Daily Headline - global.abi.org - 06/14/2017 - 22:37 - 0 comments

The regime to deal with failing European banks cleared its first major hurdle Wednesday as the market shrugged off the resolution of Banco Popular and the wipeout of its subordinated debt, Reuters reported. After watching the bank wobble on the edge of i ...

Daily Headline - global.abi.org - 06/07/2017 - 22:51 - 0 comments

Within the space of six days, Europe has taken crucial decisions on the future of two banks that embody Italy and Spain’s very different approaches to navigating a financial crisis, the Financial Times reported. On one hand there is Banco Popular, Sp ...

Daily Headline - global.abi.org - 06/07/2017 - 22:52 - 0 comments

12.1 per cent at publication time at €0.363, having hit a low of €0.336. That puts its market ...

Daily Headline - global.abi.org - 06/05/2017 - 20:46 - 0 comments

May. Shares are down 8.3 per cent at publication time to €0.55 – the lowest since at least 1989, ...

Daily Headline - global.abi.org - 06/01/2017 - 21:42 - 0 comments

Spanish engineering company Isolux said on Friday it had activated the formal process aimed at avoiding insolvency, as it battles to secure enough money to remain in business, Reuters reported. Under Spanish law, companies can enter into debt restructuri ...

Daily Headline - global.abi.org - 04/02/2017 - 21:52 - 0 comments