Santander UK and DNB spurn euros for local covered bonds
![Santander bank sign, UK](https://assets.euromoneydigital.com/dims4/default/78808fa/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F38%2Fea%2Fe5afc41a4b18bd0f52bd01bd0cfe%2Fsantander-alamy-575-375.jpg)
UK and Nordic currencies offer a cost-effective alternative
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