Santander UK pounces for sterling AT1 as Brexit process begins

By Tyler Davies
30 Mar 2017

Santander UK opened books for a new sterling additional tier one (AT1) transaction on Thursday, marketing the deal against a backdrop of calm following the UK’s decision to trigger Article 50.

UK prime minister Theresa May signed a letter beginning the nation’s formal withdrawal from the European Union on Wednesday, but the move had been well anticipated and was already priced into credit markets.

“It is sensible waiting to have the certainty of having triggered Article 50 of ...

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