And third-party use cookies to offer our services, collect statistical information and include advertising. If you continue to browse, accept installation and use. You can change the settings or get more information on our cookies policy.
And third-party use cookies to offer our services, collect statistical information and include advertising. If you continue to browse, accept installation and use. You can change the settings or get more information on our cookies policy.
Banco Sabadell has today signed the creation of “Sabadell Consumo 1”, a securitisation fund of the bank’s consumer loans with a net book value of 1 billion euros with an average interest rate of 7.4% as at the date of the assignment, and an average duration of approximately two years.
All of the asset-backed securities will be subscribed by institutional, national and international investors after a bookbuilding process, which was more than three times oversubscribed.
It is worth highlighting that this transaction will generate a capital gain of 80 million euros before tax, as well as a total positive impact on the Common Equity Tier 1 ratio (in fully-loaded terms) of approximately 10 basis points.
The transaction will be completed once the asset-backed securities issued by the securitisation fund have been subscribed and paid for, and this will entail the derecognition of the aforementioned loans from the balance sheet, along with the corresponding release of risk-weighted assets.
