No results found for "".

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SANTAN
Banco Santander SA€1,000
1EMEA
Jun 16, 2026
currency
EUR
size (m)
1,000.000
maturity
Jun 23, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Senior Non-Preferred
moody's
Baa1
s&p
A-
fitch
A
size description
-
re-open/tap
No
ipt
MS+105 area
ipt-pxd
-22
guidance
n/a - straight to launch
spread
83
coupon
3.625%
spread set
-
price
99.66000
yield
3.681%
book size (m)
2,100
peak book (m)
2,100
x-covered
2.1
book attrition
0.00%
nic
13
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,100
peak book (m)
2,100
x-covered
2.1
book attrition
0.00%
nic
13
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2100; Registration: Reg S Only; Comments: DBR 2.3 02/33 + 93.1bps (97.290%) HR: 102%. Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. Listing: AIAF. LEI: 5493006QMFDDMYWIAM13;
Deal Comments
UPDATE: Spread Set at MS+83
Relative Value

Senior Non-Preferred

7yr (Jun 2033) @ MS+105 area

Implied Spread for fresh 7yr @ MS+70

Priced at MS+83
NIC of +13

COMPS

Tenor

Issuer

I-Spd

Amount

6.3 YR

SANTAN 3 1/2 10/02/32

70

1 Bn

7.8 YR

SANTAN 4 1/8 04/22/34

70

0.75 Bn

8.7 YR

SANTAN 3 1/2 02/17/35

73

1.25 Bn