Abbey prices its biggest covered bond of 2010
Santander subsidiary Abbey National Treasury Services on Monday sold a Eu1.25bn seven year Regulated Covered Bond, its third and biggest issue this year.
Leads Banco Santander, BNP Paribas, UBS and UniCredit gathered around Eu1.6bn of orders from 78 accounts for the new issue, and priced the deal at 140bp over mid-swaps, in line with guidance of the 140bp
Syndicate bankers away from the leads said that the level was generous
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