Santander increases mammoth German consumer ABS after demand surge

SantanderCB_Alamy_230x150
By Owen Sanderson, Tom Brown
15 Oct 2020

Santander Consumer Bank has increased its debut public German consumer ABS from €1.4bn to €1.8bn after the deal saw huge demand, making it one of the largest public securitizations in Europe this year.

A syndicate lead on the deal said that the higher spread the deal offered compared to German auto ABS was driving the demand. SC Germany has previously only brought auto ABS transactions to market, with the new issue its first ABS backed by unsecured consumer loans.

Arrangers Santander ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial