Caixa Geral de Depositos launched a new EUR 750 million 3.00% 5-year Covered Bond

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| Source: Caixa Geral de Depositos S.A.

LISBOA, Portugal, Jan. 17, 2014 (GLOBE NEWSWIRE) --

Highlights

On January 8th, Caixa Geral de Depósitos, the largest Portuguese bank by assets, launched a new and successful covered bond issue. The deal exceeded the highest expectations confirming the strong demand for CGD paper in international financial markets and a visible improvement in the perception of risk by investors.

The deal attracted 212 institutional investors mainly (>90%) from across borders. The issue enjoyed a widespread diversification, led by German and Austrian investors (yielding 26% of the total placement). Asset Managers took 63% of the placement, while Insurance and Pension Funds represented 8% of the total amount.

The overwhelming investor response allowed the order book to grow rapidly, more than 5 times the total offer amount, and a very tight pricing (MS+188 bps), through the existing secondary curve.

This issue affirms CGD's commitment towards its investor base as a quality issuer, building the yield curve for different maturities.

Terms

Issuer Caixa Geral de Depósitos SA
Ratings Baa3/BBB/A by Moody's/Fitch/DBRS
Security 5 Year Covered Bonds 2019
Announcement 08-Jan-14
Settle Jan-14
Maturity Date Jan-19
Issue Size € 750 MM
Coupon 3%
Reoffer Yield MS + 188bps
Bookrunners Caixa BI /HSBC / CAL / COBA / JP Morgan

https://www.cgd.pt/English/Investor-Relations/Pages/Investor-Relations.aspx

Online press release

Media Contacts

INVESTOR RELATIONS OFFICE
+351 217953479
investor.relations@cgd.pt

Full Press Release (PDF) http://hugin.info/158905/R/1755537/592764.pdf

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