Santander retreats as eyes turn to US

Santander 230x150
By Tyler Davies
29 Sep 2015

A dollar denominated senior unsecured deal from Santander has become a casualty of investors' growing risk aversion, as higher beta FIG paper suffers in secondary.

Santandermandated its own investment bank, Citi, JP Morgan and UBS to sell a dual tranche dollar holdco deal, made up of three year and five year notes, on Tuesday before having to withdraw the offering due to deteriorating market conditions.

Initial price ...

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