FINSIGHT

7 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR1bn 7yr SP bmk RegS. A2/A+/A. Santan(B&D/DM/gloco)/Citi/HSBC/IMI/ING/UBS. IPTs MS+150 area, set MS+125, launch 1bn. Final books 1.7bn+ (peak 1.75bn+). DBR 02/30 + 195.2bps (85.79%) HR:106%. FTT 2:35pm. Tax Call: Yes. Regulatory Call: Yes, TLAC/MREL Disqualification event. LEI: 5493006QMFDDMYWIAM13;

Deal Comments

Preferred Bond

Banco Santander SA

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BWICS & Inventory

Research

Sector	Name	Type	Publisher	Date
AUTO	Drive Auto Receivables Trust 2021-3: Rating Report	Rating Report	DBRS-MS	Nov 17, 2021
AUTO	Drive Auto Receivables Trust 2021-3: Presale Report	Rating Report, Presale Report	DBRS-MS	Nov 4, 2021
AUTO	Santander Drive Auto Receivables Trust 2015-4: Rating Report	Rating Report	DBRS-MS	Aug 26, 2015
AUTO	Santander Drive Auto Receivables Trust 2015-4: Presale Report	Rating Report, Presale Report	DBRS-MS	Aug 13, 2015
AUTO	Santander Drive Auto Receivables Trust 2011-2: Rating Report - Series 2011-2	Rating Report	DBRS-MS	Jun 30, 2011
AUTO	Santander Drive Auto Receivables Trust 2011-2: PreSale Report - Series 2011-2	Presale Report	DBRS-MS	Jun 21, 2011
AUTO	Santander Drive Auto Receivables Trust 2011-S2: Rating Report - Series 2011-S2	Rating Report	DBRS-MS	May 31, 2011
AUTO	Santander Drive Auto Receivables Trust 2011-S2: PreSale Report - Series 2011-S2	Presale Report	DBRS-MS	May 16, 2011
AUTO	Santander Drive Auto Receivables Trust 2011-1: Rating Report - Series 2011-1	Rating Report	DBRS-MS	May 5, 2011
AUTO	Santander Drive Auto Receivables Trust 2011-1: Presale Report - Series 2011-1	Presale Report	DBRS-MS	Apr 25, 2011