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Spain's Sabadell issues €1B in eight-year covered bonds
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Banco de Sabadell SA has placed €1 billion in eight-year covered bonds in an issue that was 3x oversubscribed, according to Europapress.
The issue was priced at 18 basis points over the midswap rate, the benchmark of euro-denominated fixed-income issues, the report said, citing market data.
The offering, dedicated to institutional investors, was managed by Sabadell, BNP Paribas, Citi, Deutsche Bank and HSBC, the news agency said.