Banco de Sabadell SA (SAB) 2023-1

EUR500.000----B+-FixedSwaps10.00% a9.50% a (+/- 12.5)6839.38%-100.00000
Tranche Comments
P NC 6: Book size: 2000; First Pay: 2023-04-18; Redemption: 2028-07-18; Registration: Reg S Only; Comments: EUR500m (upsized from EUR400m) PNC6 AT1 RegS. B+/NR/BBB. CA-CIB(struct)/Saba/Barc/BofA/DB/GS(B&D). IPTs 10% area, guidance 9.5% area (+/- 12.5 WPIR), set 500m, launch 9.375%# coupon. Final books 2bn+ (peak 2.4bn). Initial/reset margin MS+683. Tax Call: Yes. Reset Date: 2029-01-18. Par Call: 6m. Regulatory Call: Yes on occourance of Capital Event. LEI: SI5RG2M0WQQLZCXKRM20;
Deal Comments
Tier 1
Use of Proceeds
General Corporate Purposes