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Sabadell Announces Tender Offer Results for Subordinated Notes Due 2026
ByAinvest
Thursday, Jul 10, 2025 12:08 pm ET1min read
Banco de Sabadell has announced the final results of its tender offer for subordinated notes due 2026. The offer was conducted to reduce the bank's debt and improve its financial position. The bank managed EUR 169.8 billion in current deposits and EUR 158.9 billion in current credits at the end of 2024, with a network of 1,350 branches in Spain.
Banco de Sabadell has concluded its tender offer for subordinated notes due 2026, aiming to reduce its debt and improve its financial position. The offer, conducted to enhance the bank's liquidity and capitalization, has been well-received by investors. At the end of 2024, Banco de Sabadell managed EUR 169.8 billion in current deposits and EUR 158.9 billion in current credits, with a network of 1,350 branches in Spain [2].The tender offer is part of Banco de Sabadell's broader strategy to strengthen its domestic market presence, following the acquisition of TSB by Banco Santander. The sale of TSB to Santander has allowed Banco de Sabadell to focus on its core Spanish market, where the bank has a strong domestic franchise [1]. The financial impact of the TSB sale on Banco de Sabadell is neutral, with the sale resulting in stronger performance metrics for the Spanish operations [1].
The tender offer for subordinated notes is expected to have a positive impact on Banco de Sabadell's capitalization and financial flexibility. By reducing its debt, the bank aims to improve its liquidity and capital adequacy ratios, which are critical for maintaining investor confidence and accessing funding at favorable terms.
The final results of the tender offer will be closely monitored by financial professionals and investors, as they will provide insights into Banco de Sabadell's ability to manage its debt and improve its financial position. The bank's success in reducing its debt and enhancing its capitalization will be a key indicator of its ability to navigate the challenging financial environment and support its growth prospects.
References:
[1] https://scoperatings.com/ratings-and-research/research/EN/179027
[2] https://globallegalchronicle.com/banco-sabadell-agrees-2-65bn-sale-of-tsb-banking-group-to-banco-santander/
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