These are the details of the selected bond:
- Issuer: Santander
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (S&P) AAA (Fitch)
- Amount: EUR1,250m
- Maturity date: 12 May 2029
- Re-offer price: 99.714
- Coupon: 2.375%
- Swap spread: 16bp
- Government spread: 29.5bp
- Pricing date: 10 February 2026
- Settlement date: 17 February 2026
- Bookrunners: ABN Amro, Credit Agricole, Danske, LBBW, Lloyds, Santander, UniCredit
- Country: UK
- ISIN: XS3295866779
- Collateral type: Mortgage
- The CBR bond ID: 3312
- Green, social, sustainability description: unlabelled
- Notes: Simultaneous with EUR1bn 2.875% February 2033 issue (XS3295866183). Final book above EUR2.22bn (inc. EUR100m JLMs).
