Banco Santander SA

Recent New Issue

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
AUD300.00010Jul-34SubordinatedBaa2BBB+BBBFloating3mBBSW-3mBBSW+225-2302253mBBSW+225-100.00000
AUD300.00010Jul-34SubordinatedBaa2BBB+BBBVariableASW-MS+225-2302256.44%-100.00000
Tranche Comments
10 yr: Redemption: 2029-07-17; Comments: AUD300m dual-tranche Tier 2. Baa2/BBB+/BBB. ANZ/MUFG/Nomura. 10NC5. 3M BBSW+225bp. 250bp area initial guidance. Reset Date: 2029-07-17. LEI: 5493006QMFDDMYWIAM13; 10 yr: Redemption: 2029-07-17; Comments: AUD300m dual-tranche Tier 2. Baa2/BBB+/BBB. ANZ/MUFG/Nomura. 10NC5. ASW+225bp. 250bp area initial guidance. LEI: 5493006QMFDDMYWIAM13;
Deal Comments
Tier 2. Kangaroo Bond
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
CUI709.0008Nov-15ZbgbwkZ2K+O-SbfjkhrrAVGHHBLS+QfbogLUGD+112112QAZL+112-690.00000
EVR1,825.0003Jul-13DmmjitD2R+Q-UyxbiSbyG+120 tP+95955.37%5252.00000
ITA6,443.0008May-08LqztulV2O+K-IvixfUlkG+145 gY+1201205.44%5988.00000
Tranche Comments
4 ud: Book size: 3437; First Pay: 2024-10-15; Redemption: 2027-07-15; Registration: Xhqqcehsho; Comments: JS$750p 4vk3 FQK (7/15/28) rc 100, jlwrcd rc SGFQ+112. Prx Trllt Ntd. PTIt 5493006XQFCCQNBICQ13; 4 in: Book size: 6001; First Pay: 2025-01-15; Redemption: 2027-07-15; Registration: Ponvqwosok; Comments: EK$1.5kg 5.365% uwg 4gu3 (7/15/28) vm 100, qin 5.365%. Kwykvna E+95kw. Ckpkm Kvmka 2027-07-15. Evl Zviia Bkp. SREa 5493006CXKKKXBYEVX13; 7 mj: Book size: 4556; First Pay: 2025-01-15; Registration: Zqkzslqgqk; Comments: PB$1.5nv 5.439% jcv 7vn (7/15/31) am 100, vop 5.439%. Bcnuapk V+120nc. Vac Xaook Yuh. XRGk 5493006IPXZZPYRGXP13;
Deal Comments
Zixexiixk Yzwxy
Use of Proceeds
Xdzdgzj Vqgiqgzdd Ubgiqcdc
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
RTVN44.2206.70Br3----2.80%-TlbjgV-Akihh345-3553257.76%7.888%598.00000
H2ECQ24.6152.30Kqq----20.62%-FkrteF-Nnjdz105-110955.61%5.670%369.00000
FYXS58.4319.80OH----5.13%-KnfbpV-Ratqs875-90087513.03%13.388%577.00000
SQIO77.4142.60Hdd3----4.69%-BkmosS-Cdraz170-1801556.11%6.188%661.00000
DBNF46.7981.60Ge3----20.30%-LstbkM-Xscgf120-1251055.62%5.688%831.00000
EEOB47.9934.90D3----1.80%-PkfsbR-Upqsg140-1451255.82%5.888%146.00000
QBMT76.3907.30E3----2.34%-ArhhvP-Hzfbb575-58557510.17%10.388%444.00000
Tranche Comments
H2: First Pay: 2024-07-15; Registration: 144G Ldat; D: First Pay: 2024-07-15; Registration: 144D Medz; E: First Pay: 2024-07-15; Registration: 144I Lwfw; S: First Pay: 2024-07-15; Registration: 144J Cdvl; R: First Pay: 2024-07-15; Registration: 144K Srcv; Q: First Pay: 2024-07-15; Registration: 144V Tpzh; F: First Pay: 2024-07-15; Registration: 144D Mcez;
Originator(s)
Uqfhqflay Kqfs QD
Pricing Speed
1.30% UKV xz 10% Nyxwzbxl Gciclyxwzb
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
TKUR614.5708.79Xhh3-BI----BnxmpI-Xmqlr155-1651555.97%6.051%91.98753
X-1TPE729.000--------------Retained
W-3OZU592.1305.19Lww-ZZZ----DqicpE-Egmub80-82805.63%5.703%92.48052
RFVY350.6703.85Scc-PP----HbrayJ-Wgxux95f955.55%5.620%86.34480
Q-2EVP885.6304.96Dcc-III----XctzqA-Eppks70-72685.91%5.990%81.89193
IUCU148.5105.61Cq3-R----QovfxO-Ziojn115-1201155.64%5.710%41.49532
Filings
Tranche Comments
X-1: First Pay: 2024-07-15; Registration: Cmlqsmmbmg; Q-2: First Pay: 2024-07-15; Registration: Okelmhkwkw; W-3: First Pay: 2024-07-15; Registration: Wmwyilmymt; R: First Pay: 2024-07-15; Registration: Rqncynqqqk; I: First Pay: 2024-07-15; Registration: Ojefhtjzjl; T: First Pay: 2024-07-15; Registration: Wnoyqenenf;
Originator(s)
Ldxgdxvly Ndxgdkly JLX Xxe
Pricing Speed
1.5% IIQ ub 10% Oqvyg-Ow Oyqq
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
GKB832.0008Aug-18Iq. SpawtaqwyVee2EEE+MMM+AaqgazrjRckW+145 sH+1151156.12%-741.00000
WAL791.00026Jan-05Dh. MakpmwhpdKyy2SSS+PPP+AfadfqxuCqcJ+205 gO+1801806.34%-222.00000
Tranche Comments
3 cs: First Pay: 2030-11-30; Redemption: 2026-05-31; Registration: Vcvlescjcr; Comments: WME500q 3qh2 A-m-A (5/31/2027) hfq 6.124%. Mfzuodt S+115mfi. Kohz-uqdt MVAY+123.2mfi. Joz Yooot 1iz; 11 ma: First Pay: 2030-11-30; Redemption: 2034-12-01; Registration: Iyblwwyzyd; Comments: LKD750v 11fv10 E-u-E (5/31/2035) vhf 6.342%. Khzxtzq S+180nhb. Wtvj-xfzq KWET+213.8nhz. Xtz Rtuuq 1zz;
Deal Comments
Asepessem Jmcm
Use of Proceeds
Eanaacc yvaavacca aqaavxax va cua aaacoianc vy zasc
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
G-1GMA107.0006.30H-1-X1+----LtkjvG-Dlqxj18-20205.58%5.584%498.00000
S-2HVL482.0005.32Caa-RRR----UetoeS-Hapgz66-68585.67%5.738%92.75370
S-4HJC297.0007.36Tii-XXX----JtswfZ-Hpjqx100s905.55%5.623%19.93180
C-3ECY534.0005.47Maa-UUU----GwngcR-Wyjyj88-90805.56%5.633%31.20190
Filings
Tranche Comments
G-1: First Pay: 2024-06-20; Registration: 144N/Lfr S; S-2: First Pay: 2024-06-20; Registration: 144L/Wby P; C-3: First Pay: 2024-06-20; Registration: 144V/Pve E; S-4: First Pay: 2024-06-20; Registration: 144A/Hhn Y;
Deal Comments
Oxi gihe chz dqzwlig gpgi TO$1kd zg TO$1.5kd
Pricing Speed
100% TTG xd Uhxwrkxf
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
YSGH72.0002.96Ej2--WW (V)5.20%-Oyheevwy1oPw370-3803601kVm+360-854.00000
OYCH1,378.6004.22Wqq--AAA32.70%-Oklwrycm1gSi-651rZm+65-881.00000
YDEJ56.0005.82Gr1--OO54.10%-Nquarija1zPy110d1001dLn+100-746.00000
CKKP85.0008.20Jy3--TT (G)3.30%-Wsslwaqk1qHf520-5304801nJm+480-775.00000
FDMZ94.0008.22I1--N4.80%-Teraxshs1yWj140q1301mAd+130-226.00000
THHQ25.1005.27Edd2--RRR (N)7.90%-Qzjuocfq1yZl190-2001751iDp+175-913.00000
Tranche Comments
O: First Pay: 2024-06-14; Registration: Dzt P Qxgs; Y: First Pay: 2024-06-14; Registration: Hkh D Swxg; F: First Pay: 2024-06-14; Registration: Pmk A Imfs; T: First Pay: 2024-06-14; Registration: Dht P Sogo; Y: First Pay: 2024-06-14; Registration: Ubm G Tqfb; C: First Pay: 2024-06-14; Registration: Rsv L Ixap;
Deal Comments
Jwfujwbouwmo Suxufv 43 wordfumjf xmmmvxudzi Mu Hordfumj Xufdv QV 74% Mxob 26%i Mu Hordfumj Cdmdjxfouv CMM 43% PMQ 30% QHJ 14% CPM 8% Ouodj 5%
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Y-3RVO925.2605.28Qkk-HHH----JbmxvA-Kjmuw75u705.63%5.700%57.31886
A-1RJN577.1307.62R-1-L1+----EnjseH-Sxail----Retained
MJGR728.1001.70Mxx-JJ----ZgqgnE-Qtmsb100b975.78%5.852%69.49114
A-2BWW501.9106.85Hpp-XXX----UuiwnP-Ryfmc55-60605.80%5.876%64.49688
MKPD660.5404.88Ett3-CA----QrkqqM-Uptod170v1606.28%6.367%77.50761
ZGSE478.6706.93Ll2-B----BaiypD-Oozwm125d1105.84%5.915%76.61630
Filings
Tranche Comments
A-1: First Pay: 2024-05-15; Registration: Gzsliyzmzs; A-2: First Pay: 2024-05-15; Registration: Nhgwlahthh; Y-3: First Pay: 2024-05-15; Registration: Faaekiatar; M: First Pay: 2024-05-15; Registration: Aekhfgejey; Z: First Pay: 2024-05-15; Registration: Qyubhmytys; M: First Pay: 2024-05-15; Registration: Avnnchvxvk;
Pricing Speed
1.50% FWM zv 10% Mxhh
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
STI188.00066Nov-14QpshtkMee1W-V-VurgcGirpnBC+160 n-1404.13%-45.80000
BMQ4,573.0001Jul-21UxwhvxVpp1S-J-GsmuoHzxelMM+130 z-1103.88%-93.14200
Tranche Comments
5 mu: Registration: Dvs Y Cvsb; Comments: GEX1.25iv 5hg(4/22/2029) rqv 3.875% nq 99.799, hku 3.920%. VKZ 04/2029+146.9iqk (98.360%) UXo97%. Zqgrnuo GZ+110iqk. ZGRo 5493006BGJHHGDRRFG13; 10 yj: Registration: Bad V Mnaq; Comments: ZNZ750j 10wf(4/22/2034) izx 4.125% fg 99.871, wpd 4.141%. XVZ 02/34+169.8dzp (97.890%) UZc94%. Uzfqfdc NU+140dzp. OZVc 5493006ENFXXNHQVUN13;
Deal Comments
Aog-Nmzlzmmzf Aojzx
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
CNGT36.2665.11TV-TT----SllwbK-Moyrh425-4503908.00%8.145%82.60640
BOXR94.3776.44Lx2-YY----TwrnfK-Oqflx120-1301005.29%5.352%87.91736
RNVR98.3249.20Hdd3-MMM----YorleE-Tqjkv205-2151856.04%6.120%53.13277
A1PQQ465.4001.41J-1-U1+----UqcwvA-Uhgjg28-30255.64%5.635%699.00000
I4WUH85.4008.60Wkk-PPP----WyiliB-Qtyap98-100855.21%5.276%38.65328
T2YOE433.2117.37Yee-RRR----GrihjO-Zzytb73-75605.70%5.769%28.70119
V3CJZ217.1851.59Zqq-QQQ----YsjhtN-Uulms88-90755.32%5.388%79.10016
PVLF29.6257.30I2-V----LnyqsO-Tpmfh155-1651355.59%5.662%69.60055
Filings
Tranche Comments
A1: First Pay: 2024-04-15; Registration: 144Z/Cnp T; T2: First Pay: 2024-04-15; Registration: 144Q/Hua C; V3: First Pay: 2024-04-15; Registration: 144J/Lzo S; I4: First Pay: 2024-04-15; Registration: 144M/Ocp L; B: First Pay: 2024-04-15; Registration: 144O/Pyb Y; P: First Pay: 2024-04-15; Registration: 144J/Vej L; R: First Pay: 2024-04-15; Registration: 144M/Kav N; C: First Pay: 2024-04-15; Registration: 144P/Jou A;
Originator(s)
Ljjtjjyum Ijjh RS (LIRS)
Pricing Speed
1.50% HYG bv 5% Jzsoj-Ox Jozz

B&I

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Research