Noteholders Seen To Reject Unique RMBS/Covered Bond Tender

Banco Santander Totta’s recent novel tender offer, in which it offered to buy back three classes of residential mortgage-backed notes in exchange for exposure to a covered bond, has been spurned by most bondholders.

  • 11 Oct 2012

Banco Santander Totta’s recent novel tender offer, in which it offered to buy back three classes of residential mortgage-backed notes in exchange for exposure to a covered bond, has been spurned by most bondholders.

No bonds from the HIPOT 1R class A tranche were successfully tendered, while ...

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4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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