Banco de Sabadell uses green label to print deal through fair value

David Freitas

September 02, 2020 01:00 pm

Sabadell_PA_575x375 — October 5, 2017 - Barcelona, Catalonia, Spain - A customer at an ATM of the 'Banco Sabadell', the fifth-largest banking group in Spain, the day it will announce the relocation of their headquarters from Catalonia to Alicante in the Valencian Community as the Catalan government announces an unilateral declaration of independence from Spain for the next Monday after a secession referendum at October 1st. The Bank reacts that way to a 12\% loss in the stock exchange during the last sessions and prevent to be located outside of the EC, even if for minutes. Spain's Central Government denies that there have been a referendum and does not accept the result as the Catalan referendum law had been suspended by Spain's constitutional court (Credit Image: © Matthias Oesterle via ZUMA Wire) | Matthias Oesterle/Zuma Press/PA Images

Banco de Sabadell on Wednesday looked to replicate the success of Mediobanca earlier this week in capitalising on appetite for green bonds. Appetite for the Spanish lender’s inaugural green preferred senior bond led it to print the deal through fair value.

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Topics

Green and Social Bonds Spain Barclays EMEA Coronavirus Senior Debt Europe Rabobank Crédit Agricole UniCredit SRI FIG

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David Freitas