Sabadell sells first bond since end of merger talks with BBVA

Sabadel PA 575x375 7Jan21
By Frank Jackman
08 Jan 2021

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 ...

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