Bloomberg News

Santander Said to Tighten Spread Guidance on Covered Bond Sale

February 01, 2012

Feb. 1 (Bloomberg) -- Banco Santander SA’s sale of three- year covered bonds may be priced to yield about 220 basis points more than the benchmark mid-swap rate, according to a banker involved in the transaction. The spread guidance has been revised from about 230 basis points.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net


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