Kutxabank has launched its inaugural Covered Bond issue of 750 million euros with a 4 years tenor. The demand exceed 3,750 million euros with the participation of more than 200 accounts. The 80% of the demand came from foreign investors.
Kutxabank has got a capital excess of 2,188 million euros and a Core Tier I ratio of 11.6% in the adverse scenario. This ratio, that doubles the stablished requeriments in the test, places Kutxabank as the most solvent entity among the Spanish sector.