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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
SANTAN
Banco Santander SA£750
1EMEA
Apr 22, 2026
currency
GBP
size (m)
750.000
maturity
Apr 28, 2033
type
Fixed Rate Reset
tenor
7.000
call
6.00
registration
Reg S Only
benchmark
G
ranking
Senior Non-Preferred
moody's
Baa1
s&p
A-
fitch
A
size description
-
re-open/tap
No
ipt
G+125 area
ipt-pxd
-15
guidance
n/a - straight to launch
spread
110
coupon
5.5%
spread set
-
price
99.34800
yield
5.631%
book size (m)
1,950
peak book (m)
2,000
x-covered
2.6
book attrition
-2.50%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,950
peak book (m)
2,000
x-covered
2.6
book attrition
-2.50%
nic
-
billing & delivering
active leads
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1950; Redemption: 2032-04-28; Registration: Reg S Only; Comments: GBP750m 7yr NC6, fxd-rate-reset cpn 5.50% at 99.348, yld 5.631%. Spread: G+110bps. UKT 1 01/31/32 (ISIN GB00BM8Z2T38) 82.585% mid / 82.565% bid HR:112%. Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 5493006QMFDDMYWIAM13;
Deal Comments
UPDATE: Spread Set at G+110