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Sareb Refinances €9.5 Billion of Senior Debt to Repay Bonds Issued in 2019 and 2020

The company that owns assets from the rescued banks is placing two senior bond issues: the first amounting to 4.1 billion euros and the second amounting to 5.4 billion euros.

Javier Garcia del Rio consejero delegado de Sareb 1

The Company for the Management of Assets from the Bank Restructuring (Sareb) is renewing its debt through two senior debt issues worth almost 9.5 billion euros in order to repay bonds issued in 2019 and 2020.

Specifically, the company led by Jaime Echegoyen and Javier del Río (pictured above), is placing two senior bond issues: the first amounting to 4.064 billion euros and the second amounting to 5.405 billion euros, with the unconditional and irrevocable backing from the General Administration of the State, according to Cinco Días.

Read the full article in Spanish.

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