Bankinter has raised a total of €500 million in a sale of covered bonds, Bloomberg reports. The two-year notes have been priced by the Madrid-based lender at a spread to yield 310 basis points more than the benchmark.
The securities are backed by mortgages or state-sector loans and are guaranteed by the issuer. The sale was managed by a consortium of banks, including, Barclays Capital, HSBC Holdings, Landesbank Baden- Wuerttemberg and Natixis.
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