Banco Sabadell Launches Sabadell Consumo 4

Cuatrecasas acted as legal advisor on Banco Sabadell’s recent securitization transaction, Sabadell Consumo 4. The fund pools a portfolio of personal, family, and household consumer loans. The transaction prospectus was registered with the CNMV (Spain’s National Securities Market Commission) under the applicable regulations for a bond issuance exceeding EUR 1 billion.

The fund bonds were admitted to trading on Bolsas y Mercados Españoles (BME) AIAF fixed-income market. The transaction also meets all the requirements to qualify as STS (Simple, Transparent and Standardized) under the Securitization Regulation. With this transaction, Banco Sabadell positions itself as a recurrent issuer, diversifies its funding sources, and enhances its financial autonomy.