Fixed income investors 1

Cabecera Banc de Sabadell

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Fixed income presentation

Ratings

Informes Columna 1 Columna 2 Columna 3
DBRS Ratings GmbH
(07.06.2024)
  • Long-term

  • Short-term

  • Outlook

  • A (Low)

  • R-1 (low)

  • Stable

DBRS Ratings GmbH
S&P Global Ratings (1)
(29.04.2024)
  • Long-term

  • Short-term

  • Outlook

  • BBB+

  • A-2

  • Positive

S&P Global Ratings
Moody’s Investor Service (2)
(08.04.2024)
  • Long-term

  • Short-term

  • Outlook

  • Baa2

  • P-2

  • Positive

Moodys Investor Service
Fitch Ratings
(19.06.2024)
  • Long-term

  • Short-term

  • Outlook

  • BBB

  • F2

  • Stable

Fitch Ratings

A rating is the classification of the solvency of an institution for certain debt issues or access to credit. It also defines the global solvency rating of a public or private company, of an institution and general governments and even states.
 

The ratings may be revised, suspended or withdrawn by the rating agency at any time. The ratings does not represent a recommendation to buy, sell or hold securities.


Historic evolution of Banco Sabadell's long-term ratings:

Ratings

(1) Copyright by Standard & Poor's, A division of the McGraw-Hill Companies, Inc.  Reproduced with permission of Standard & Poor's.

(2) The short-term rating corresponds to deposits.

(Note) The access to the information contained in this page implies the knowledge and acceptance of the following conditions.

Fixed income issuance and documentation

Domestic issuance programme

The Universal Registration Document is a document that provides full details about Banco Sabadell to potential subscribers of Banco Sabadell’s debt issues. The document has been verified by and registered with the National Securities Market Commission (CNMV).

Universal Registration Document 2024 (Spanish version)

Supplement of Universal Registration Document 2023 (Spanish version)

Universal Registration Document 2023 (Spanish version)

The prospectus of the fixed income securities programme relates to a programme in which fixed income securities are issued on the Spanish market. The prospectus has been verified by and registered with the National Securities Market Commission (CNMV).

Fixed Income Securities Programme 2023 (Spanish version)

Fixed Income Securities Programme 2022 (Spanish version)

Fixed Income Securities Programme 2021 (Spanish version)

Fixed Income Securities Programme 2020 (Spanish version)

Fixed Income Securities Programme 2019 (Spanish version)

Promissory notes are discount fixed income securities, which are fully transferable. The Spanish National Securities Market Commission (CNMV) has verified compliance with the requirements for admission to trading of the promissory notes on the AIAF (Spanish fixed-income market).

2024 Programme for Promissory Notes (Spanish version)

2023 Programme for Promissory Notes (Spanish version)

Euro Medium Term Note

The EMTN prospectus relates to a programme under which fixed income securities are issued. The prospectus has been verified by and registered with the Irish Stock Exchange.

EMTN 2024

EMTN 2023

EMTN Programme Supplement 1Q 2024

EMTN Programme Supplement 2Q 2023

EMTN Programme Supplement 3Q 2023

EMTN Programme Supplement 4Q 2023

EMTN 2022

EMTN Programme Supplement 2Q 2022

EMTN Programme Supplement 3Q 2022

EMTN Programme Supplement 4Q 2022

EMTN Programme Supplement 1Q 2023

EMTN 2021

EMTN Programme Supplement 2Q 2021

EMTN Programme Supplement 3Q 2021

EMTN Programme Supplement 4Q 2021

EMTN Programme Supplement 1Q 2022

EMTN 2020

EMTN Programme Supplement ESG Framework

EMTN Programme Supplement 2Q 2020

EMTN Programme Supplement 3Q 2020

EMTN Programme Supplement 4Q 2020

EMTN Programme Supplement 1Q 2021

EMTN 2019

EMTN Programme Supplement 2Q 2019

EMTN Programme Supplement 3Q 2019

EMTN Programme Supplement 4Q 2019

EMTN 2018

EMTN Programme Supplement 1Q 2018

EMTN Programme Supplement 2Q 2018

EMTN Programme Supplement 3Q 2018

EMTN Programme Supplement 4Q 2018

EMTN 2017

EMTN Programme Supplement 1Q 2017

EMTN Programme Supplement 2Q 2017

EMTN Programme Supplement 3Q 2017

EMTN Programme Supplement 4Q 2017

EMTN 2016

 
 
Description Issue date Coupon Nominal amount Maturity date ISIN Documents
Subordinated Debt 1/2024 27.03.2024 5.125% € 500 Million 27.06.2034 XS2791973642 Final terms
Senior Non Preferred Debt 1/2024 13.03.2024 4.250% € 500 Million 13.09.2030 XS2872109016 Final terms
Senior Preferred Debt 1/2024 15.01.2024 4.000% € 750 Million 15.01.2030 XS2745719000 Final terms
Senior Non Preferred Debt 2/2023 08.09.2023 5.500% € 750 Million 08.09.2029 XS2677541364 Final terms
Senior Preferred Debt 1/2023 07.06.2023 5.000% € 750 Million 07.06.2029 XS2598331242 Final terms
Subordinated Debt 1/2023 16.02.2023 6.000% € 500 Million 16.08.2033 XS2588884481 Final terms
Senior Non Preferred Debt 1/2023 07.02.2023 5,250% € 750 Million 07.02.2029 XS2583203950 Final terms
Senior Non Preferred Debt 3/2022 23.11.2022 5.500% € 75 Million 23.11.2032 XS2560673829 Final terms
Senior Non Preferred Debt 2/2022 08.09.2022 5.375% € 500 Million 08.09.2026 XS2528155893 Final terms
Senior Preferred Debt 1/2022 10.11.2022 5.125% € 750 Million 10.11.2028 XS2553801502 Final terms
Senior Non Preferred Debt 1/2022 24.3.2022 2.625% € 750 Million 24.3.2026 XS2455392584 Final terms
Senior Non Preferred Debt 1/2021 16.6.2021 0.875% € 500 Million 16.6.2028 XS2353366268 Final terms
Subordinated Debt 1/2021 15.01.2021 2.500% € 500 Million 15/4/2031 XS2286011528 Final terms
Senior Preferred Debt 2/2020 11.09.2020 1.125% € 500 Million 11/3/2027 XS2228245838 Final terms
Subordinated Debt 1/2020 17.1.2020 2.000% € 300 Million 17.1.2030 XS2102931677 Final terms
Senior Preferred Debt 2/2019 07.11.2019 0.625% € 500 Million 07.11.2025 XS2076079594 Final terms
Senior Non Preferred Debt 2/2019 27.09.2019 1.125% € 500 Million 27.03.2025 XS2055190172 Final terms
Senior Preferred Debt 1/2019 22.07.2019 0.875 % € 1,000 Million 22.07.2025 XS2028816028 Final terms
Senior Non Preferred Debt 1/2019 10.05.2019 1.750% € 1,000 Million 10.05.2024 XS1991397545 Final terms
Subordinated Debt 1/2018 12.12.2018 5.375% € 500 Million 12.12.2028 XS1918887156 Final terms
Senior Preferred Debt 1/2018 07.09.2018 1.625% € 750 Million 07.03.2024 XS1876076040 Final terms
Subordinated Debt 1/2016 06.05.2016 5.625% € 500 Million 06.05.2026 XS1405136364 Final terms

Preferred Securities

  • Issues
Description Issue Date Rate of interest Nominal amount ISIN Offering Circular Board of Directors’ Report Special Report
AT1 Preferred Securities 1 / 2023 18.01.2023 9.375% €500 M XS2471862040 Descargar Descargar Descargar
AT1 Preferred Securities 2 / 2021 19.11.2021 5.000% €750 M XS2389116307 Download Download Download
AT1 Preferred Securities 1 / 2021 15.03.2021 5.750% € 500 M XS2310945048 Download Download Download

Medium and Long Term Notes

Sustainable Development Goals Bonds

  • Banco Sabadell Green Bonds Report 2023

Download

  • Banco Sabadell Green Bonds Report 2022

Download

  • Banco Sabadell Green Bonds Report 2021

Download

  • Banco Sabadell SDG Bond Framework

Download

  • Second Party Opinion

Download

  • Banco Sabadell SDG Bond Framework Investor Presentation

Download

Covered Bonds

  • Mortgage Pool

(Information as at March 2024)

Download presentation

Download mortgage pool data
 

  • ECBC Harmonised Transparency Template

(Information as at 31.03.2024)

http://www.coveredbondlabel.com

HTT ECBC covered bond label - Mortgage

HTT ECBC covered bond label - Public sector - Link disabled -
 

- Issues:
 

Description Issue Date  Nominal Amount Maturity Date Documents (Spanish version)
Covered bonds 2/2024 05.06.2024 € 1,000 Million 05.06.2034 Condiciones Finales CH 2/2024
Covered bonds 1/2023 28.02.2023 € 1,000 Million 28.08.2026 Prospectus
Covered bonds 2/2022 30.05.2022 € 1,000 Million 30.05.2029 Prospectus
Covered bonds 1/2020 20.01.2020 € 1,000 Million 10.02.2028 Prospectus
Covered bonds I/2017 26.04.2017 € 1,000 Million 26.04.2027 Prospectus
Covered bonds II/2016 20.10.2016 € 1,000 Million 10.10.2023 Prospectus
Covered bonds I/2016 10.06.2016 € 1,000 Million 10.06.2024 Prospectus

Securitisation

  • Asset Backed Securities

Asset Backed Securities are fixed income securities issued by a Securitisation Fund. A Securitisation Fund is composed of assigned credit rights on the asset side and asset backed securities on the liability side. It normally includes additional credit enhancements provided by the actual assignor of the credit rights. The Fund constitutes a separate pool of assets with no legal personality and is administered by a Fund Management Company which acts as the legal representative and fund manager pursuant to Royal Decree 926/1998. Banco Sabadell has assigned assets to the following Securitisation Funds:

Description Issue date Nominal amount Documents (Spanish version)
SABADELL CONSUMO FINANCE 1, F.T. 09.2023 € 659.5 Million Prospectus
(English version)
SABADELL CONSUMO 2, F.T. 07.2022 € 759.1 Million Prospectus
(English version)
SABADELL CONSUMO 1, F.T. 09.2019 € 1,087 Million Prospectus
(English version)
TDA CAM 9 F.T.A 07.2007 € 1,515 Million Prospectus
CAIXA PENEDES PYMES 1 TDA, F.T.A. 06.2007 € 790 Million Prospectus
TDA CAM 8 F.T.A 03.2007 € 1,712.8 Million Prospectus
FTPYME TDA CAM 4 F.T.A 12.2006 € 1,529.3 Million Prospectus
TDA CAM 7 F.T.A 10.2006 € 1,750 Million Prospectus
CAIXA PENEDES 1 TDA, F.T.A. 10.2006 € 1,000 Million Prospectus
TDA CAM 6 F.T.A 04.2006 € 1,300 Million Prospectus
TDA CAM 5, F.T.A 10.2005 € 2,000 Million Prospectus
TDA CAM 4, F.T.A 03.2005 € 2,000 Million Prospectus

For more information, please visit the websites of the securitisation fund management companies:

www.tda-sgft.com

www.edt-sg.com

  • Retention Undertaking

Pursuant to article 6 of Regulation (EU) 2017/2402 of 12 December, establishing a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EE, 2009/138/EC and 2011/61/EU and Regulations (EC) 1060/2009 and (EU) 648/2012 (Securitisation Regulation), Banco de Sabadell, S.A. hereby gives notice that it complies with the terms required by article 6 of the aforesaid Regulation (EU) 2017/2402, with regard to the retention on an ongoing basis of a material net economic interest in the securitisation funds of which it is the originator, in accordance with article 6.3, and we declare that Banco de Sabadell, S.A. has not carried out any activity (credit risk hedging, sale, taking short positions, etc.) that may undermine the application of the retention requirement. To this end, “on an ongoing basis” shall be understood to mean that the net economic interest retained shall not be the subject of any credit risk reduction, short positions or any other kind of hedging activity, nor shall it be sold. For these purposes, protection of the net economic interest shall not be considered a hedge, within the meaning of article 6 paragraph 1 of the aforesaid Regulation (EU) 2017/2402, and will only be permitted if it does not provide the retaining institution with a hedge against credit risk on securitisation positions or exposures held..

Current details concerning the aforesaid retention requirement may be found in the Regular Information published about the aforesaid securitisation funds on the following websites:

www.tda-sgft.com

www.edt-sg.com

Preference shares and subordinated debt tender and public share offering

Note regarding the preference shares and subordinated debt tender of Banco CAM S.A. and public share offering of Banco Sabadell, S.A.

Download (Spanish version)

Note regarding the preference shares tender and public share offering of Banco Sabadell, S.A.

Download (Spanish version)

Banco Gallego's subordinated debt and preferred shares management

Prospectus and brochure regarding the issuance of Mandatory Subordinated Convertible Bonds of Banco de Sabadell, S.A Series III/2013 and IV/2013 in relation to Banco Gallego´s Subordinated Debt and Preferred Securities Management.

Download summary (Spanish version)

Download prospectus (Spanish version)

Tender of Mandatory Subordinated Convertible Bonds and issuance of Mandatory Surbordinated Convertible Bonds

Prospectus and brochure regarding the Tender of Mandatory Subordinated Convertible Bonds Series I/2009 and I/2010 and issuance of Mandatory Subordinated Convertible Bonds Series I/2013 and II/2013.

Download prospectus (Spanish version)

Download brochure (Spanish version)

Fixed income analysts

Fixed income analysts coverage:
 

Broker

Analyst

Autonomous

Corinne Cunningham

Barclays

Soumya Sarkar, David Alam

BBVA

Michael Gaynor, Ruben Benavides

BoAML

Richard Thomas, Luis Garrido, Katharine Lennon

Citi

Lee Street

CreditSights Limited

Paola Biraschi

JPMorgan

Drishti Sharma

Raiffeisen Bank International AG

Werner Schmitzer

Société Générale

Paul Fenner, Brajesh Kumar, Violeta Baraboi

RBC Capital Market

Marc Sánchez