These are the details of the selected bond:
- Issuer: Santander
- Covered bond rating(s) at launch: Aa1 (Moody's)
- Amount: EUR1,250m
- Maturity date: 14 July 2029
- Re-offer price: 99.579
- Coupon: 2.375%
- Swap spread: 31bp
- Pricing date: 7 July 2025
- Bookrunners: Barclays, BNP Paribas, ING, JP Morgan, Morgan Stanley, NatWest, Nomura, Santander
- Country: Spain
- ISIN: ES04139000A7
- Collateral type: Mortgage
- The CBR bond ID: 3176
- Green, social, sustainability description: unlabelled
- Notes: Simultaneous with EUR1bn 2.875 July 2033 issue (ES04139000B5).
