CaixaBank Corporate & Investment Banking (CaixaBank CIB) has participated in New Immo Holding's successful execution of its new €500 million 5-year senior unsecured bond issuance, carried out in a challenging market environment and taking advantage of an optimal issuance window following a brief improvement in market sentiment.
In this transaction, CaixaBank CIB acted as Joint Global Coordinator, supporting a deal that combined a new benchmark issuance with a concurrent liability management exercise.
The transaction was met with strong investor demand, achieving a high-quality order book of approximately €2.0 billion (around 4.0x oversubscribed). Pricing tightened significantly by 37.5 basis points versus initial price thoughts (IPTs), with approximately 81% of allocations distributed to asset managers.
Despite volatile market conditions, the deal reinforces New Immo Holding’s consistent access to the capital markets, further extends its maturity profile, and reflects continued strong investor confidence in the company.
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