Santander Buyback Seen Having Limited Impact (update)

Banco Santander’s repurchase of €16.5 billion ($23.65 billion) of its asset-backed securities is a positive sign for the market, but its repercussions are likely to remain restricted to Spain.

  • 25 Aug 2009

-- Daniel O’Leary

Banco Santander’s repurchase of €16.5 billion ($23.65 billion) of its asset-backed securities is a positive sign for the market, but its repercussions are likely to remain restricted to Spain. Rob Ford, portfolio manager at TwentyFour Asset Management in London, expected the prices tendered were carefully calculated ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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