Santander triple dips in dollars as issuers relish drop in yields

By David Rothnie
20 Jun 2019

Santander this week showed the breadth of its funding options with a third dollar deal in as many weeks as it exploited red-hot conditions for senior preferred paper.

Banco Santander SA, rated A2/A, hit the market on Thursday with a two-part offering. The Spanish lender was out with guidance of 100bp area over US Treasuries on a five year tranche and 135bp area over on a 10 year, compared with initial price thoughts of 120bp ...

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