CaixaBank completes its fifth US dollar issuance, raising a total of USD 2 billion in two tranches

• The bank has issued two senior non-preferred bonds, each for USD 1 billion, with maturities of 6 and 11 years respectively, both featuring a call option one year prior to maturity

CaixaBank has carried out a new US dollar debt issuance in the US market, its fifth since 2023, through a dual-tranche senior non-preferred transaction, further strengthening its presence in one of the world’s deepest and most liquid capital markets.

The first tranche has a 6-year maturity, with a call option in year five (6NC5). The amount placed was USD 1 billion, with a final spread of 95 basis points over US Treasuries (“UST”), tightened from an initial price thought (IPT) of 125 basis points. The coupon was set at 4.818%.

The second tranche has an 11-year maturity, with a call option in year ten (11NC10). The amount placed was USD 1 billion. The final spread was set at 115 basis points over UST, from an IPT of 145 basis points. The coupon was established at 5.402%.

With this transaction, CaixaBank continues to advance its strategy of diversifying both its investor base and funding sources, taking advantage of the opportunities offered by the US market due to its size and liquidity. This diversification enables access to a broader range of investors and helps optimise funding costs. The issuance also allows CaixaBank to further strengthen its position in bail-inable liabilities, comfortably above its MREL requirements, and reaffirms the bank’s commitment to continuing to build up its bail-inable debt buffer to enhance protection for senior creditors and depositors.

Following this issuance, CaixaBank’s total US dollar issuance in the US market amounts to USD 10.25 billion, after the inaugural placement of a USD 1.25 billion senior non-preferred bond in January 2023, a USD 2 billion dual-tranche senior non-preferred transaction in September 2023, another USD 2 billion dual-tranche senior non-preferred issuance in March 2024, and a USD 3 billion triple-tranche senior non-preferred transaction in June 2025.

This is the second public issuance so far in 2026. In addition to today’s transaction, in January CaixaBank placed a €1.25 billion senior non-preferred bond with an 11-year maturity and a call option in year ten.

Disclaimer

This press release does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from registration. The Company does not intend to register any of the securities referred to in this announcement in the United States, nor to conduct a public offering of securities in the United States.