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BFA-Bankia Returns €20.6M To Sareb After Asset Sale

15 January 2016 – Expansión

The amount was distributed in the form of bonds issued by BFA and its subsidiaries amounting to €1.4 million and bonds issued by Bankia and its subsidiaries amounting to €19.2 million.

The BFA-Bankia group has paid back €20 million to Sareb in the form of bonds, after adjusting the perimeter of its asset transfer agreed on 21 December 2012.

According to a statement made by the entity to the CNMV, this amount has been calculated by applying the criteria of the aforementioned contract, which is distributed in the form of €1.4 million in terms of bonds issued by BFA and its subsidiaries and €19.2 million relating to bonds issued by Bankia and its subsidiaries.

The return was made effective yesterday, whilst the actual correction took place on 30 December 2015. In addition, the coupons that the company would have settled prior to the correction settlement date, have been included in the calculation of the bond amount subject to correction.

Original story: Expansión

Translation: Carmel Drake