Belfius and Santander hit senior market for sevens

By Tyler Davies
04 Feb 2021

Belfius Bank and Santander found strong support among bank treasury investors in the euro market this week, helping them to print new preferred senior deals at very low yields.

Santander opened books for its new seven year transaction through Commerzbank, Crédit Agricole, Natixis, NatWest Markets, Nomura and Santander on Thursday morning.

It quickly attracted more than €1.75bn of demand from investors at the initial price thoughts of 70bp-75bp area over mid-swaps.

The lead managers did ...

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