Bloomberg News

Santander Said to Sell Three-Year Covered Bonds in Euros

February 01, 2012

Feb. 1 (Bloomberg) -- Banco Santander SA is selling three- year covered bonds in euros, according to three people with knowledge of the sale.

The bonds may be priced to yield about 230 basis points more than the benchmark mid-swap rate, the people said. Barclays Capital, Citigroup Inc. and Natixis are managing the deal with Santander, the people said.

To contact the editor responsible for this story: Ben Martin at

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