Madrid, December 7, 2022. MEDVIDA has priced a new issuance of Tier 2 subordinated debt amounting to 21 million euros. The debt is expected to be subscribed for and paid up during December 2022, subject to entering into a subscription agreement and the other agreements relating to the issue, and subject to compliance with the conditions set out in the subscription agreement.
The debt will be issued at a price of 97.047% of their nominal amount and is to be consolidated and form a single series with MEDVIDA’s first issuance of 30 million euros of subordinated debt placed last July.
The debt issued by MEDVIDA will continue to support its growth plans in life insurance consolidation, including the acquisition of CNP Partners.
MEDVIDA Partners announces that yesterday it completed its acquisition of Metrópolis’ life insurance portfolio. The transaction is an important milestone in Spain and for MEDVIDA Partners as it represents the first transfer of life insurance savings with-profits portfolios between unrelated entities. The solution implemented by MEDVIDA Partners results in an economically sound mechanism for both […]
MEDVIDA has reached an agreement with VidaCaixa whereby it will transfer part of Sa Nostra Vida’s life insurance portfolio. The transaction which is now subject to regulatory approval by the Directorate General of Insurance and Pension Funds (DGSFP) and expected to be completed during the first half of next year, is limited to the portfolio […]