Banco Sabadell has placed this €500 million in subordinated debt with a term of 10 and a half years and an interest rate of 6 %.
The banks involved in the transaction were Nomura, Banco Sabadell, Santander, Credit Suisse, Goldman Sachs and Societe Generale for trusting us for this innovative deal.
Specifically, the issue, the bank’s third so far this year, is of Tier 2 subordinated debt and has registered a demand 4.6 times higher than the amount offered.
The Allen & Overy Spain team involved in the transaction was made up of partners Charles Poole-Warren and Salvador Ruiz Bachs, senior associate Alvaro Rojo Santos and associate Lázaro García Domínguez.
