Santander’s rights comes at slim discount, rewards host of banks

Jon Hay

July 04, 2017 06:00 pm

SANTANDER230X150fotolia — SANTANDER, SPAIN - MARCH 10, 2015: View of the monumental building of banco de santander with giant arc inside | villorejo - Fotolia

Banco Santander has launched its €7.07bn fully underwritten rights issue to support its acquisition of the failed Banco Popular Español, saying it expects to make a return on investment on the deal of 13% to 14% by 2020.

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Topics

Santander Spain Deutsche Bank Credit Suisse Intesa Sanpaolo La Caixa UBS Equity EMEA Jefferies LLC ING BBVA RBC Capital Markets Europe FIG Citi Barclays Morgan Stanley BNP Paribas Wells Fargo Securities Crédit Agricole Follow-ons and Rights issues HSBC Société Générale Goldman Sachs

JH

Jon Hay