MADRID, Sept 27 (Reuters) - Spanish bank BBVA said on Sunday it had raised 2 billion euros ($2.9 billion) from a sale of convertible bonds, up from the 1 billion euros it had initially intended to issue.
'BBVA's clients have expressed a very favourable opinion of the transparency of the issue and of its attractive return, with a fixed 5 percent coupon for five years,' Spain's second-largest bank said in a news release.
The news came just two days after the bank announced the sale of a property portfolio to a consortium led by a Deutsche Bank real estate fund for almost 1.15 billion euros.
Spanish banks have mostly avoided serious problems from the global financial crisis but many have moved to boost their capital bases and provisions.
(Reporting by Jason Webb; Editing by David Holmes)
($1=.6810 Euro) Keywords: BBVA/ (jason.webb@thomsonreuters.com; +34 91 585 83 28; Reuters Messaging: jason.webb.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'BBVA's clients have expressed a very favourable opinion of the transparency of the issue and of its attractive return, with a fixed 5 percent coupon for five years,' Spain's second-largest bank said in a news release.
The news came just two days after the bank announced the sale of a property portfolio to a consortium led by a Deutsche Bank real estate fund for almost 1.15 billion euros.
Spanish banks have mostly avoided serious problems from the global financial crisis but many have moved to boost their capital bases and provisions.
(Reporting by Jason Webb; Editing by David Holmes)
($1=.6810 Euro) Keywords: BBVA/ (jason.webb@thomsonreuters.com; +34 91 585 83 28; Reuters Messaging: jason.webb.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
