Largest post-crisis public Spanish ABS prices tight of guidance

Tarjeta Naranja, credit cards, Argentina, Banco Galicia
By Tom Brown
19 Sep 2019

Banco Sabadell has priced its first public ABS deal since the financial crisis via sole arranger Deutsche Bank, pricing the bonds tight of guidance levels released earlier in the week.

Classes ‘D’, ‘E’, ‘F’ and ‘Z’ were all pre-placed, and a public offering was made for classes ‘A,’ ‘B’ and ‘C’.

“In terms of the market, this is the largest public Spanish ABS which has been printed since 2007,” said a syndicate banker.

Banco Sabadell has issued ...

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