Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Guindos Outlines Future Preference Share Rules, Vanguardia Says

July 17 (Bloomberg) -- Spanish Economy Minister Luis de Guindos said banks that plan to issue preference shares in the future will have to sell 50 percent of the total to institutional investors, La Vanguardia reported.

“Individual investors will have to be informed of the risk they are taking on,” de Guindos told La Vanguardia during an interview yesterday in Barcelona.

De Guindos also said that nationalized banks including Catalunya Caixa and Bankia SA will receive fresh capital and be privatized once bad assets are transferred to a bad bank that will be operational before the end of the year

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.