La Caixa issues up to 2 bln eur in preferred shares

LONDON, May 21 (Reuters) - Spanish savings bank La Caixa said on Thursday it plans to issue between 1.5 and 2 billion euros in preferred shares to help it raise capital.

Investors can subscribe to a minimum of 30,000 euros in preferred shares from May 26 and will receive 6 percent a year interest on the shares for the first two years, followed by three month Euribor plus 3.5 percent.

La Caixa, Spain's largest savings bank, has core capital of 8.9 percent.

(Reporting by Carlos Ruano; writing by Jonathan Gleave; editing by Elaine Hardcastle)