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PortCastelló formalizes a financial operation with Caixabank

24 March 2022

The Port Authority of Castellón has formalized a financial operation with CaixaBank with the aim of maximizing and making its economic resources profitable.

The operation consists of a structured product worth 10 million euros, with 100% guaranteed capital. The risk indicator of the operation is 1 on a scale of 1 to 7, which is the lowest risk class.

This operation was recently approved by the Board of Directors of PortCastelló, and will allow the savings of the costs derived from the commissions of positive balances, in addition to obtaining an optimal financial return for a period of 5 years.

The president of the Port Authority of Castellón, Rafa Simó, has referred to the importance of this operation, because “it allows us to make our resources more profitable, and thereby gain in competitiveness”.

 

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