Jorge Alegre, Borja Oñoro & Pablo Tejerizo.

Linklaters advises Banco Sabadell on issuance of perpetual securities

Linklaters has advised Banco Sabadell on the issue of €500 million of perpetual securities convertible into shares eligible as additional tier 1 (AT1) capital.

The applicable interest rate will reset at five-year intervals starting on 18 january 2029 on the basis of the five-year euro midswap rate for that period. The bond will be issued in denominations of €200,000 under spanish law, but listed on the Dublin Stock Exchange.

The team from Linklaters advising Banco Sabadell was formed by (pictured from left to right) the partner, Jorge Alegre, the managing associate, Borja Oñoro and the lawyer, Pablo Tejerizo.

Irina Wakstein