These are the details of the selected bond:
- Issuer: Banco Santander Totta
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (DBRS)
- Amount: EUR500m
- Maturity date: 9 September 2029
- Re-offer price: 99.952
- Coupon: 3.375%
- Swap spread: 14bp
- IPTs/initial guidance: 21bp
- Government spread: 38.2bp
- Pricing date: 2 September 2026
- Settlement date: 9 September 2026
- Bookrunners: BMO, DZ, Natixis, Santander, UBS
- Country: Portugal
- ISIN: PTBSRWOM0026
- Collateral type: Mortgage
- The CBR bond ID: 3480
- Green, social, sustainability description: unlabelled
- Final book: above EUR2.45bn (inc. EUR375m JLMs)
