Santander UK finishes first AT1 consent solicitation

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Santander UK finishes first AT1 consent solicitation

Frank Jackman
December 04, 2020 01:15 PM
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London, UK - June 22, 2018: Many Santander Cycles red bikes for hire, rent, rental standing, parked at docking station in downtown in row by street, road, sidewalk | ablokhin - stock.adobe.com

Santander UK completed the first consent solicitation for moving a sterling additional tier one note away from Libor to referencing Sonia on Thursday, setting a precedent for other banks to follow.

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