Rating: Baa3/BBB/BBB-
Amount:€500m of additional tier one paper
Maturity:Perpetual
First call date:September 15, 2026
Issue/reoffer price:100.00
Coupon:5.75%
Launched:Tuesday, March 2
Payment date:March 15
Joint books: Banco de Sabadell, Barclays, Credit Suisse, JP Morgan, Natixis, UniCredit
Bookrunners’ comment:
The issuer has a Pillar 2 Requirement shortfall. They also have a couple of calls ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.