Sabadell sells first bond since end of merger talks with BBVA

Banco Sabadell cut a lone figure on Friday as it ventured out into a quieter market to print a €500m tier two — its first bond since the proposed merger with BBVA fell through last November,
The two Spanish banks were expected to tie up a merger last year, but the pair failed to agree on an acceptable exchange ratio, which would have allowed them to value the combined business.
“There was a lot of work done by the investor base around these ...Already a subscriber? Login