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

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By David Freitas
02 Sep 2020

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.

Banco de Sabadell mandated its own investment bank, Barclays, Bank of America, Crédit Agricole and UniCredit to launch a 6.5 year non-call 5.5 preferred green bond on its behalf.

The new transaction represents the first green bond in preferred senior format for the issuer.

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