Banco Santander Launches €1.2 Billion Covered Bond

16 Jul 2007

Banco Santander Central Hispano is coming to market with a €1.2 billion ($1.65 billion) cédula hipotecaria, or Spanish covered bond.

-- Leo Shvartsman

Banco Santander Central Hispano is coming to market with a €1.2 billion ($1.65 billion) cédula hipotecaria, or Spanish covered bond. The deal is backed by six individual mortgage covered bonds issued by six different savings banks.

The bonds are issued out of Banco Santander’s Programa Independiente ...

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