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Fitch Ratings has affirmed Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico's Long- and Short-Term Foreign and Local Currency Issuer Default Ratings at... | December 2, 2022
Santander has added a further €500m to what was already an €1.2bn deal, making Santander Consumo 4 the biggest ABS trade of 2021 so far. Final pricing for the increased €1.26bn class ‘A’ tranche came in at 48bp over three-month Euribor.
By Tom Brown 04 Feb 2021 Santander is bringing the largest deal from its Spanish consumer loan securitization shelf to date, with the €1.79bn Santander Consumo 4 offering a full capital stack to investors. The three-year class ‘A’ tranche, rated double-A by DBRS and Aa2 by Moody’s, is offering a 70bp coupon over three-month Euribor, and expected to price above par.The class ‘B’ notes are preplaced, whereas the rest of the tranches are all fixed rate. The ratings agencies disagree in ... Already a subscriber? Login