Santander CB proves popular with curve-building five year

By David Freitas
08 Oct 2019

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, HSBC, Santander and

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