Deal of the Month: Banco Santander

Santander reopened the Spanish covered bond, or cedulas, market in May with the first such deal for almost a year. The previous new issue in the sector came in June 2008. The deal came days after the European Central Bank's announcement, on May 8, of a EUR60 billion purchase plan of covered bonds, but the leads insist that while this may have helped execution, the bond would have found an audience without it.

"Santander had been considering something for a while and although we don't know what w

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: