{
  "id": 5209232,
  "title": "Sabadell to cut funding costs after TSB sale",
  "url": "https://urgent.news/2026/09/02/sabadell-reducira-sus-costes-de-financiacion-tras-la-venta-de-tsb",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-02T22:31:19.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/banca/2026/09/03/6a9807dae5fdea23568b4591.html"
  },
  "original_language": "es",
  "account": "Banco Sabadell plans to allow 750 million euros of contingent convertible bonds (CoCos) to expire in May 2027 without refinancing them, according to financial sources. This decision would be a first for the bank and is driven by its excess capital, which currently stands at 3.18%, above the required 1.89%. The move is expected to reduce Sabadell's financing costs, as CoCos are a costly form of debt, and would result in an annual interest saving of 37.5 million euros. The bank's sale of TSB to Santander has reduced its risk-weighted assets and regulatory requirements, allowing it to consider this step.",
  "summary": "El banco amortizará emisiones de capital por exceso de recursos. El mercado apuesta por la liquidación directa de los 750 millones de su CoCo de 2027. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}