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Spanish SRT finalised

Category: ABS Capital Relief Trades


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Santander completes full-stack auto ABS

Santander has priced a €555.5m true sale significant risk transfer transaction dubbed Santander Consumer Spain Auto 2019-1. The full-stack deal has been driven by new regulatory guidelines on excess spread and adds to this year’s healthy flow of full-stack SRT issuance (SCI passim).

The transaction consists of €440m class A notes (which priced at 45bp), €57.7m

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