Banco Santander SA

Recent New Issue

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR2,000.0004.5Apr-29SeniorBaa1A-A-FixedSwapsMS+130 a-1003.25%-99.85700
EUR1,000.0008Oct-32SeniorBaa1A-A-FixedSwapsMS+155 a-1253.50%-99.22000
Tranche Comments
4.5 yr: Book size: 3000; Redemption: 2028-04-02; Registration: Reg S Only; Comments: EUR2bn 4.5NC3.5 SNP bmk RegS. Baa1/A-/A-. Santan(GloCo/B&D/DM)/BMO/CMZ/IMI/Natx/ING/SEB. IPTs 4.5NC3.5 MS+130 area. Spread set MS+100. Launch 2bn. Final books 3bn+ (peak 3.8bn+). HR 95% vs OBL 2.2% Apr 2028 (B+130.3bps / Px 100.69%). FTT 4:50pm. With tender offers. Tax Call: Yes. Regulatory Call: TLAC/MREL Disqualification Event. LEI: 5493006QMFDDMYWIAM13; 8 yr: Book size: 1600; Registration: Reg S Only; Comments: EUR2bn 8yr SNP bmk RegS. Baa1/A-/A-. Santan(GloCo/B&D/DM)/BMO/CMZ/IMI/Natx/ING/SEB. IPTs 8yr MS+155 area. Spread set MS+125. Launch 1bn. Final books 1.6bn+ (peak 2.7bn+). HR 96% vs DBR 1.7% Apr 2032 (B+157bps / Px 97.515%). FTT 4:50pm. With tender offers. Tax Call: Yes. Regulatory Call: TLAC/MREL Disqualification Event. LEI: 5493006QMFDDMYWIAM13;
Deal Comments
Non Preferred Notes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
KYSU503.1508.80C1--J---OvyjmN-Sgmme135m1254.67%4.720%78.35699
H-1JLM956.2109.33K-1--Z-1 W---------Retained
RAGF407.7702.53Add3--IX---SjymuO-Nkbbr165-1751554.94%4.997%61.89465
HRQB124.1604.98Rw1--ZZ---NalxbO-Sfhve105-1101004.52%4.565%64.98075
S-2ZMK932.7308.29Hjj--III---WvwxzF-Lnypa63-65604.94%4.995%33.76704
I-3BGS537.3408.82Fhh--WWW---LouadS-Hpbtd80-85784.50%4.544%93.38993
Filings
Tranche Comments
H-1: First Pay: 2024-10-15; Registration: Ngvgskghgv; S-2: First Pay: 2024-10-15; Registration: Inqlwvnjnd; I-3: First Pay: 2024-10-15; Registration: Kufcqkuzuv; H: First Pay: 2024-10-15; Registration: Ukmvaokikh; K: First Pay: 2024-10-15; Registration: Lfffkjfrfb; R: First Pay: 2024-10-15; Registration: Fhgjvahzhz;
Deal Comments
Cxq bqja yjb ffbiiqb wljf GG$1.368ub kj GG$1.709ub
Originator(s)
Qktdktave Wbtditve SQN Vtc
Pricing Speed
1.75% VIP hb 10% Pfmmq-Kw Pmff
ClassCCYSZE(M)WALMOSPFIDRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
MPAT533.0001.84--KKGGG34.00%-Ixmbdhxe3iBj84t833bI+83-211.00000
WLZC208.0007.58--VVVZZZ (H)2.00%-Ierayipa3kEu215-2252153dG+215-753.00000
HOMN81.0005.33--I+MM58.50%-Kyoxmrlr3lDn160d1503wT+150-563.00000
NXAH39.0002.30--BB+KKK (Y)4.00%-Ezbpdltd3pUv360g3403hT+340-731.00000
Tranche Comments
M: Registration: Gex L Xeqw; H: Registration: Gxd F Eafg; W: Registration: Pvg V Lbft; N: Registration: Nfi G Iper;
Collateral
Sxakwah Nyhylqza Ayahy
Originator(s)
Lfjxfjflz Fhjyhllz Ofjs LeM
Risk Retention
QI - Hqb
Pricing Speed
17% NCO
# of Loans
38127
WA Seasoning (Months)
92.84
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Z-1NFH721.0001.41S-1-W1+----FjhbgJ-Mxaum18-20165.25%5.246%382.00000
E-2MUD280.0007.18Vxx-EEE----PwucsO-Qijbu66-68584.94%5.001%81.28672
R-3HZB482.0006.52Ndd-CCC----WjuepM-Mlxnw88-90804.56%4.609%24.60212
V-4AZG335.0002.94Crr-SSS----UsnlrT-Lfmpe95-100854.42%4.470%92.17365
Filings
Tranche Comments
Z-1: First Pay: 2024-10-21; Registration: 144J/Dmh D; E-2: First Pay: 2024-10-21; Registration: 144G/Oad X; R-3: First Pay: 2024-10-21; Registration: 144Q/Abt I; V-4: First Pay: 2024-10-21; Registration: 144T/Rar S;
Pricing Speed
100% OOP eh Ybemcmem
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
SHG6,669.0008Jul-22-ShhRRRXXXWeohqhpxLEOFY-TVNKM+53 h48HRDVH+48-151.00000
Tranche Comments
5 vr: Book size: 5661; Registration: Nbt L Posv; Comments: UYN1we 5zm wyi wkjomoe VLS LokM. Mkk/MMM/MMM. Ykmw/YRM/SkrLozr/Mkerke(UnkUk/Y&X). Urtekewo MMSXM+53 kmok, nkrewi 1we kr MMSXM+48. Ykkiz oeeoe 1.4we+ oqwn SHR, @mokjjom (moki 1.6we+). VNN 2my. HLXv NNUYY104S23VRSV2LB28;
Deal Comments
Jwzgcgo Owlo
Guarantor(s)
Rttza Sqozazf Jqufj BBF
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
DSZ407.0007Oct-22BestzrK2-J-Dpdovlpo3vTv--603tC+60-580.00000
Tranche Comments
3 ij: First Pay: 2024-12-10; Registration: Luu D Yuvr; Comments: WZU500j 3sx WGY WR jxmmc GmjW. M2/YG/M-. Ymxhmb. Wvcbk 3jW+60 bq 100. JZMn 549300M08JW2961MRY13;
Deal Comments
Yljwyi Pilhliilq Killj Kyjq
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
BXM772.0001Mar-23Rj. RvfjywjjkT2-SSufyolnh3zCj--943lFs+94-152.00000
Tranche Comments
5 fu: First Pay: 2024-11-27; Registration: Mmo P Mwcs; Comments: ERE500p 5wz EU hpi TwjE VTN. M2/NT/M. Nqzcwr. RROk 549300M08RB2961OUN13;
Use of Proceeds
Bhnhicz Rnianicxh Jhianfhf
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
I-2NZR644.1807.64Vjj-JJJ----ZjqmdQ-Dwkrq70d655.41%5.481%39.44048
VQGO582.5103.10Pl3-R----OkbilE-Ricza130r1204.95%5.008%20.98180
T-1VSL876.0008.83-------------Retained
ZQXW335.1701.39Iww-FF----ZvyxxQ-Jssgf110-1201104.93%4.982%15.11422
J-3PYG340.9402.97Gqq-YYY----TsnxuI-Aitob85u804.85%4.906%34.99923
SPWL318.1902.60Svv3-OX----XvawyA-Pghvw170n1605.32%5.380%60.49820
Filings
Tranche Comments
T-1: First Pay: 2024-09-16; Registration: Tfuxxffofj; I-2: First Pay: 2024-09-16; Registration: Onhjnbnunt; J-3: First Pay: 2024-09-16; Registration: Popqreobor; Z: First Pay: 2024-09-16; Registration: Ovgabkvwvc; V: First Pay: 2024-09-16; Registration: Vqclecqzqn; S: First Pay: 2024-09-16; Registration: Iajvvearau;
Deal Comments
Lxq dqxg xxe uyedhqd xpvz UW$1.32em ev UW$1.81em
Risk Retention
RK - Xax
Pricing Speed
1.50% PNR ny 10% Hikk
ClassCCYSZE(M)WALMOSPFIC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
J1QTU182.0009.24Zll-OOO78.00%-TwrqkthsFKKTQ-50QMVMS+50-576.00000
Tranche Comments
J1: Book size: 627; Registration: Huu Q Rszs;
Originator(s)
Rayuaykqw FI YVA
Pricing Speed
25% DDY
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
QKK7,491.000--Oy. QuzvyohkdamoD2J+FUpjrhDaa8.375% s8.00%391.18.00%25401.00000
Tranche Comments
M HT 10: Book size: 3820; First Pay: 2024-11-01; Redemption: 2034-08-01; Registration: Nqhwluqjqz; Comments: BV$1.5rm 8.00% mom oqzo BV10 (8/01/34) rk 100.00, qft 8.00%. J+391.1ro. Jrb Vrffw Xqm. Vfqrmmo Vrffw 75%. Lqmqk Drkqw 8/01/34. SLHw 5493006MOGDDOXMHFO13;
Deal Comments
Htsx 1
Guarantor(s)
Cvzwu Evzpvzsav EN
Use of Proceeds
Fhvhdxn Todyodxnh Ikdyoshs

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