May 28. () –
Sabadell has launched an issue of mortgage bonds with a ten-year maturity, so that the entity continues with its financing plan as normal, despite the takeover bid that BBVA has proposed for the entity, according to financial sources. to Europa Press.
The issue started with a midswap price plus a spread of 60 basis points. The bond will pay a fixed annual coupon.
The placement banks are Sabadell itself, Barclays, BNP Paribas, Citi, Deutsche Bank and Nomura.
This is an issue contemplated within Sabadell’s financing plan and is the first mortgage bond that it has launched on the market in a year.
As reported by the same sources, this operation does not respond to a need for liquidity, but rather the entity seeks to take advantage of the good market moment to access new long-term financing. Furthermore, it is an operation that would accompany the positive dynamics registered in the mortgage credit segment.
Add Comment