Senior pipeline grows as Santander Consumer Bank mandates
A small sterling tap from ASB Finance was the only source of fresh senior unsecured supply on Tuesday morning on what FIG bankers said was a slightly better day in the market. Santander Consumer Bank Norway, meanwhile, mandated banks for a debut euro transaction.
The Norwegian subsidiary hired Credit Suisse, Morgan Stanley and Santander for a series of investor meetings with a potential euro-denominated senior unsecured transaction to follow.
The closest comparable credit for the issuer is its parent, Santander Consumer Finance (SCF), which printed its debut public senior
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