Banco de Sabadell SA (SAB) 2023-4

CCYSZE(M)TNRMTYRNKMOSPFIDRTYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR500.00010.5Aug-33--BBBBBBBFixedSwapsMS+360 aMS+3203156.00%7.599.81500
Tranche Comments
10.5 yr: Book size: 1900; Redemption: 2028-08-16; Registration: Reg S Only; Comments: EUR500m WNG 10.5NC5.5 Tier 2 bmk RegS. NR/BB/BB/BBB. Saba/CS/GS/Nomura/Santan(B&D)/SG. IPTs MS+360 area, guidance MS+320 (+/-5 WPIR), launch MS+315 #. Final books 1.9bn+ at reoffer (peak 2.75bn). OBL 187 2.2% 04/28 @ 99.31 vs HR 95%, B+370.8. FTT 4:50pm. Reset Date: 2028-08-16. Cleanup Call: 75%. Tax Call: Yes. Regulatory Call: Yes - Capital Event Redemption. LEI: SI5RG2M0WQQLZCXKRM20. Distribution: UK/Ire 35%, Fr 18%, Iberia 10%, Ger/Aus 10%, Switz 8%, Benelux 8%, It 6%, Nordics 2%, Other 3%. AM 64%, Bks/PB 15%, HF 13%, Ins/PF 6%, CB/OI 2%;
Deal Comments
Tier 2
Use of Proceeds
General Corporate Purposes