These are the details of the selected bond:
- Issuer: Santander
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR1,250m
- Maturity date: 28 December 2029
- Re-offer price: 99.641
- Coupon: 3.50%
- Swap spread: 14bp
- IPTs/initial guidance: 19bp
- Pricing date: 21 September 2026
- Settlement date: 28 September 2026
- Bookrunners: Barclays, BofA, Danske, ING, JP Morgan, NatWest, NordLB, RBC, Santander, UBS
- Country: Spain
- ISIN: XS3512873145
- Collateral type: Mortgage
- The CBR bond ID: 3515
- Green, social, sustainability description: unlabelled
- Misc: Simultaneous with EUR1bn 3.625% December 2032 issue (XS3512873491)
- Final book: above EUR2.25bn (inc. EUR550m JLMs)
- Distribution by type: Asset managers/fund managers 42%, bank treasuries 21%, central banks/official institutions 17%, banks/private banks 14%, insurance companies/pension funds 3%, hedge funds 3%
- Geographical distribution: Germany/Austria/Switzerland 36%, Nordics 23%, UK/Ireland 12%, Iberia 10%, France 8%, Benelux 8%, Italy 3%
