These are the details of the selected bond:
- Issuer: Santander
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR1,000m
- Maturity date: 28 December 2032
- Re-offer price: 99.365
- Coupon: 3.625%
- Swap spread: 28bp
- IPTs/initial guidance: 32bp
- 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: XS3512873491
- Collateral type: Mortgage
- The CBR bond ID: 3516
- Green, social, sustainability description: unlabelled
- Misc: Simultaneous with EUR1.25bn 3.5% December 2029 issue (XS3512873145)
- Final book: above EUR1.85bn (inc. EUR475m JLMs)
- Distribution by type: Bank treasuries 45%, asset managers/fund managers 28%, banks/private banks 13%, insurance companies/pension funds 10%, central banks/official institutions 3%, hedge funds 1%
- Geographical distribution: Germany/Austria/Switzerland 48%, Nordics 18%, UK/Ireland 12%, Benelux 9%, Italy 6%, Iberia 4%, France 3%
