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by Chris Reich
Apr 14, 2026 2:46 PM ET
CaixaBank SA (CABKSM) exp Baa1/BBB+/A- US$2bn 144A/Reg S 2-part Senior Non-Preferred (6nc5 fixed to float due 4/22/32 and 11nc10 fixed to float due 4/22/37). Optional Redemption Dates: 6nc5: 4/22/31, 11nc10: 4/22/36. Barc/BofA/CAIXA/Citi/JPM/SG joint active books. First Pay: 10/22/26. Day Count: 30/360. Pricing 4/14. Settle 4/22 (T+6).
IPTs: 6nc5 T+125 area, 11nc10 T+145 area.
LAUNCHED: $1bn 6nc5 at T+95, $1bn 11nc10 at T+115.
PRICED:
$1bn 4.818% 4/22/32 100.00 4.818% T+95. Back-end: SOFR+121.0.
$1bn 5.402% 4/22/37 100.00 5.402% T+115. Back-end: SOFR+153.0.
OTHER:
Coupon | Fixed Rate, Semi-Annual, 30/360 (following, unadjusted) until the Optional Redemption Date, and thereafter the interest rate on the securities will reset to a Floating Rate, Quarterly, Act/360 (modified, following, adjusted) equal to Compounded SOFR Index Rate plus [●]%. Minimum Rate of Interest of 0 per cent. | Fixed Rate, Semi-Annual, 30/360 (following, unadjusted) until the Optional Redemption Date, and thereafter the interest rate on the securities will reset to a Floating Rate, Quarterly, Act/360 (modified, following, adjusted) equal to Compounded SOFR Index Rate plus [●]%. Minimum Rate of Interest of 0 per cent. |
Clean-up Call | The Issuer may redeem the securities in whole, at any time, at par, if 75 percent or more of the initial aggregate nominal amount of the securities has been redeemed or purchased by the Issuer, and cancelled, as further described in the Offering Memorandum | |
Denominations | 200,000 x 1,000 | |
Governing Law | New York; except the status of the securities, the capacity of the Issuer to issue and execute the securities and enter into the Fiscal Agency Agreement, the relevant corporate resolutions and the provisions of the securities and Section 18 of the Fiscal Agency Agreement relating to the exercise and effect of the Loss Absorbing Power by the Relevant Resolution Authority and the acknowledgment of the same are governed by, and shall be construed in accordance with, Spanish law | |
Listing | Global Exchange Market of Euronext Dublin | |
Documentation | CaixaBank US$12,500,000,000 Senior Preferred, Senior Non-Preferred and Subordinated U.S. Medium-Term Notes Program Offering Memorandum dated March 20, 2026 | |
ISIN | 144A: US12803RAN44 REGS: USE2428RAN55 | 144A: US12803RAP91 REGS: USE2428RAP04 |
Cusip | 144A: 12803R AN4 REGS: E2428R AN5 | 144A: 12803R AP9 REGS: E2428R AP0 |
Use of Proceeds | General Corporate Purposes | |
Book Runner(s) | Active: BARCS, BofA, CAIXA, C, JPM, SG | |
Timing | Books open, today's business | |
Selling Restrictions | There are restrictions on the offer, sale and transfer of the securities in the United States, Canada, the United Kingdom, the EEA, Spain, Singapore, Hong Kong and Japan. | |
Sale into Canada | Yes - Exemption | |
Additional Information | Target Market: Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients (all distribution channels). No EEA PRIIPs key information document or UK disclosure document required by the FCA Product Disclosure Sourcebook (DISC) has been prepared as not available to retail in EEA or in the UK | |