Banco de Sabadell calls €500 million tier 2 subordinated notes

By William Gullotti

Buffalo, N.Y., Oct. 25 – Banco de Sabadell, SA issued a notice of full redemption to holders of its outstanding €500 million tier 2 subordinated notes (ISIN: XS1918887156), according to an announcement on Wednesday.

The notes will be redeemed at par plus interest, accrued at a 5.375% rate, on the scheduled Dec. 12 call date.

The issuer has already requested that Euronext Dublin delist the notes on the redemption date.

The private banking group is based in Spain.

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