Santander looks to switch AT1 pair to Sonia

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Santander looks to switch AT1 pair to Sonia

Frank Jackman
October 30, 2020 01:00 pm
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frankfurt, hesse/germany - 11 10 18: santander bank sign in frankfurt germany | Tobias Arhelger - stock.adobe.com

Santander began phasing Libor out of two of its outstanding additional tier (AT1) one notes this week, having appointed NatWest Markets to lead the process to restructure the bonds to reference Sonia.

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SantanderBank CapitalRegulatory CapitalFIGNatWest Markets
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Frank Jackman
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