Santander places a bond of 3,750 million in three tranches with a demand of more than 6,000 million


File – The CEO of Banco Santander, Héctor Grisi, and the president of Banco Santander, Ana Botín, during a general meeting of shareholders of Banco Santander, in the Grupo Santander City of Boadilla del Monte, on March 31, 2023, in b – Alberto Ortega – Europa Press – Archive

MADRID, Jan. 2 (-) –

Banco Santander has started the year in the fixed income markets with a bond placement of 3,750 million euros distributed in three tranches for which the demand has exceeded 6,000 million euros, according to the final data of the operation, from the that they have informed Europa Press in market sources.

Specifically, the financial institution has placed 1,250 million euros in the first tranche, which has a maturity period of four years and cannot be repaid before three years have passed.

The price has finally been lowered to 95 basis points on the ‘mid-swap’, compared to the 115 points at which the placement began. The coupon will be 3.5%. The demand has been about 1,850 million

The second tranche has received a demand of 1,350 million and 1,000 million have been placed with a coupon also of 3.5%. The price was finally 115 basis points on the ‘mid-swap’, compared to the 135 points that were being considered. This tranche has a maturity of six years and cannot be amortized before five years.

The third tranche has received a demand of 3,000 million euros for a placement of 1,500 million euros. The maturity period is 10 years and has a coupon of 3.75%, while the price was lowered from 155 to 130 basis points above the ‘mid-swap’.

The placement entities have been, in addition to Santander itself, ABN Amro, Citi, Crédit Agricóle, HSBC, NatWest, Mediobanca and Unicredit.

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