Sabadell follows UniCredit with MREL-optimised pref senior deal
Banco de Sabadell completed its annual funding plan on Tuesday with a €500m preferred senior bond, adding a call option to the transaction in a clear sign that it is likely to be used as part of the minimum requirement for own funds and eligible liabilities (MREL).
The bank was eyeing a favourable backdrop to issue €500m of debt after announcing third quarter results last week.
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