News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Santander raises $2.5bn as AT1 bonds roar back to life

European lenders are coming back to the Additional Tier 1 bond market after the controversy around UBS and Credit Suisse

New issues are coming in thick and fast as Spain's Santander becomes the latest
New issues are coming in thick and fast as Spain's Santander becomes the latest Photo: Claudia Paparelli/Getty Images

Santander has issued $2.5bn in new AT1 bonds, the latest bank to join a rush back into the products after sentiment was dented by Credit Suisse's takeover drama.

The bank announced two issues on 17 November, callable in five years and six months and 10 years respectively, both paying 9.6%.

WSJ Logo