CaixaBank announces conversion, exchange of series A2012 bonds Dec. 20

By Ashley Montgomery

Kansas City, Kan., Nov. 29 - CaixaBank SA plans to convert or exchange all of its subordinated mandatorily convertible or exchangeable bonds, series A2012, issued by Banca Civica SA, according to a notice.

The bonds will be converted or exchanged for newly issued or treasury shares of the company on Dec. 20. The conversion and exchange is mandatory.

The company said it would use the average quotation price for the CaixaBank shares during the 15 trading days prior to Dec. 30 as the reference price for to determine the number of shares to be converted or exchanged.

CaixaBank is a financial services company based in Barcelona.

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