Fear seeps into Santander AT1s after bank restates call policy

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Fear seeps into Santander AT1s after bank restates call policy

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A person uses the Santander banking app on an iPhone | Andrew Matthews/PA Archive/PA Images

Additional tier ones issued by Banco Santander plunged in value on Wednesday, after the Spanish financial institution reiterated that it would only redeem capital securities at their first call dates if it was cost efficient to do so.

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