Santander brings full cap-stack SRT auto deal

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By Tom Brown
17 Sep 2020

Santander priced its €520m full-cap stack significant risk transfer (SRT) deal auto deal, Santander Consumer Spain Auto 2020-1 on Wednesday.

The 2.52-year senior notes were priced at a discount margin of 39bp. The class 'Bs' landed at 95bp, the 'Cs' at 195bp, while the class 'D', 'E' and 'F' notes had a fixed coupon of 3.5%, 5.6% and 6.49% respectively. The class 'A' notes had a €88m protected ...

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