These are the details of the selected bond:
- Issuer: Santander
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR500m
- Maturity date: 28 April 2031
- Re-offer price: 99.459
- Coupon: 2.875%
- Swap spread: 23bp
- Government spread: 34.7bp
- Pricing date: 21 April 2026
- Settlement date: 28 April 2026
- Bookrunners: Credit Agricole, DZ, ING, Santander, UniCredit
- Country: Spain
- ISIN: ES04139000F6
- Collateral type: Public
- The CBR bond ID: 3362
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR2.45bn (inc. EUR120m JLMs) with 77 accounts. Bank/private banks 45%, asset managers 33%, central banks/official institutions 17%, insurance companies/pension funds 5%. Germany/Austria/Switzerland 52%, Iberia 12%, Benelux 10%, Nordics 9%, France 8%, Italy 6%, UK/Ireland 3%.
