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Demand over US$5bn for Santander Additional Tier 1 bond
May 8, 2014 / 9:37 AM / 3 years ago

Demand over US$5bn for Santander Additional Tier 1 bond

LONDON, May 8 (IFR) - Demand for Santander’s inaugural US dollar Additional Tier 1 issue is over US$5bn, according to a lead manager.

Spain’s largest bank opened books on the perpetual non-call five-year issue on Thursday morning with yield guidance of 6.625% area, which remains unchanged.

Credit Agricole-CIB, Deutsche Bank, Goldman Sachs, Morgan Stanley and Santander’s own investment banking unit are leading the trade. (Reporting by Aimee Donnellan, Editing by Helene Durand, Julian Baker)

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