Santander to market first Pfandbrief
Santander Consumer Bank is set to issue its first Pfandbrief and has mandated lead managers for a roadshow that is expected to commence in a week’s time. Sparkasse Hannover, meanwhile, sold a sub-benchmark deal on Wednesday.
The German subsidiary of the Spanish national champion, Santander Consumer Bank, has mandated LBBW, Natixis, Santander and UniCredit as joint bookrunners to arrange an investor roadshow in Europe commencing on November 21.
An inaugural sub-benchmark Reg S mortgage backed Pfandbrief will follow,
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