Investors sell SDART following disclosure

By Ryan Bolger
31 Mar 2015

Santander Consumer Holdings USA announced in regulatory filings on Monday that US regulators were still investigating the company, and secondary market sell-offs followed.

As of midday on Tuesday, some 35 BWICs that were placed on Monday and Tuesday remained outstanding for securities issued off of Santander’s SDART shelf, according to data from Empirasign. Market participants did not believe holders sought to sell the notes because of the investigations, however.

“I think ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial