Spain May Need to Inject $6.4 Billion in Bankia, Expansion Says
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Spain may need to pump 5 billion euros ($6.4 billion) into Bankia Group to boost the lender’s capital, Expansion reported, citing unidentified people close to the government.
The cash injection will be implemented through the purchase of capital contingent notes to be issued by the nationalized lender, Expansion said. Previously the government was expecting to inject 2.5 billion euros of new capital, Expansion said.