Santander confirms ‘irreversible’ decision to call its controversial CoCo
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Santander confirms ‘irreversible’ decision to call its controversial CoCo

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Banco Santander has followed through on its commitment to call an additional tier one (AT1) bond, after extending the life of the instrument a number of times in 2019. The decision comes as favourable market conditions increased the likelihood that issuers will choose to refinance their contingent capital securities this year.

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