Santander to dip toes into AT1 market

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Santander to dip toes into AT1 market

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ARCHIV - A woman stands in front of a cash mashine of the Spanisch major bank Banco Santander in Palma de Mallorca, Spain, 06 June 2013. The spanisch major bank Santander took over competitor Banco Popular Espanol that got into financial woes for one symbolic euro. Photo: Julian Stratenschulte/dpa | Julian Stratenschulte/DPA/PA Images

Santander announced a mandate for an additional tier one (AT1) bond in euros on Thursday, in what could be the first public deal in the format since markets sold off in February.

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