Sabadell bonds battered after BBVA merger talks end

Tyler Davies

November 27, 2020 12:00 pm

Sabadell_PA_575x375_271120 — Sabadell Bank logo at an office in Vendrell Tarragona. The merging of BBVA (Bank Bilbao Vizcaya Argentaria) and Sabadell Bank would create the second banking giant of almost 600,000 million in the Spanish market by volume of assets, only behind the entity that resulted from the merging of CaixaBank and Bankia. (Photo by Ramon Costa / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Banco de Sabadell’s debt securities took a nose-dive in the secondary market on Friday morning, after the Spanish lender said that it had failed to agree on the terms of a merger with BBVA.

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Tyler Davies