Santander Closes €1 Bln German Securitization

01 Oct 2009

Spanish bank Santander has closed a €1 billion ($1.45 billion) securitization of unsecured consumer loan receivables from German private clients.

-- Daniel O’Leary

Spanish bank Santander has closed a €1 billion ($1.45 billion) securitization of unsecured consumer loan receivables from German private clients. It could not be determined if the notes from SC Germany Consumer 09-1 notes were placed with investors.

Officials at Moody’s Investors Service said this transaction was ...

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