Bloomberg News

Catalunya Banc Offers to Buy Back $1.2 Billion of Bonds

February 02, 2012

(Adds date of tender results in third paragraph.)

Feb. 2 (Bloomberg) -- Catalunya Banc, the lender created from the merger of a group of savings banks in the Spanish region of Catalonia, said it’s offering to buy back 900 million euros ($1.2 billion) of covered bonds and asset-backed notes.

The offer refers to mortgage covered bond issues totaling 3.25 billion euros and 34 portions of securitizations with a nominal value of about 3.7 billion euros, according to a regulatory filing by the Barcelona-based bank. Deutsche Bank AG, JPMorgan Chase & Co. and Natixis are organizing the tender with Catalunya Banc.

The tender will expire on Feb. 10, and the results will be announced on Feb. 13.

--Editors: Michael Shanahan, Andrew Reierson

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net


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