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DBRS assigns AAA to CaixaBank notes
DBRS said it assigned an AAA rating to a new series of covered bonds issued by CaixaBank SA under the bonds sold under the bank’s covered bond program.
The issue is a €100 million tap issuance of series 26, a fixed-rate covered bond that pays a coupon of 1.25% and matures on Jan. 112027. Series 26 was issued on Jan. 11, 2017, with a nominal amount of €1.5 billion.
The agency said it currently rates all covered bonds sold under the program at AAA.
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