Santander Consumer Bank was more than three times subscribed for a tightly priced €500m five year preferred senior bond this week — its second offering in the asset class.
Santander Consumer Bank AG, the German subsidiary of Banco Santander, launched a €500m five year preferred senior bond on Tuesday, at 68bp over mid-swaps on the back of over €1.6bn of investor demand.
The bank had picked Citi
, DZ Bank
, Santander and