Baker McKenzie has advised the arranger and dealers on the establishment of a EUR 5 billion Euro Commercial Paper Programme by Bankia S.A, signed on 11 July 2019. The arranger for this programme was Barclays Bank PLC and the dealer group comprised Barclays Bank Ireland PLC, Barclays Bank PLC, Bankia, S.A., BNP Paribas, Crédite Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited, Goldman Sachs International, HPC, S.A., ING Bank N.V., Société Générale and UBS Europe SE.
 
Bankia is one of the leading financial institutions providing banking and financial products and services in Spain. Baker McKenzie recently acted on Bankia's update of its €10,000,000,000 Euro Medium Term Note Programme in May 2019.
 
London Banking & Finance partner Michael Doran commented on the transaction: "We were pleased to assist the  banks in helping Bankia S.A. establish its Euro Commercial Paper Programme. We see cross border finance work between Spain and the UK increasing exponentially at present".  Madrid based team leader Ignacio Corujo added "It was a pleasure to work again with Bankia and its relationship banks in setting up this new Programme which is a great funding tool providing diversification into international investors in the European capital markets".
 
The Baker McKenzie team was led in London by partner Michael Doran supported by senior associate James Tanner and trainee Serena King, while in Madrid by team leader Ignacio Corujo supported by senior associate Carlos Martin and associate Modesto Puerta.
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