By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – Santander Consumer Bank AS priced a SEK 1 billion 3.25-year senior floating-rate green bond (A3/A-) at Stibor plus 60 basis points, according to a news release.
Proceeds from the inaugural bond will be used to finance a loan portfolio of new and existing retail loan and lease contracts for electric vehicles.
The bank offers personal loans in Norway and is part of Banco Santander, a global bank based in Madrid.
| Issuer: | Santander Consumer Bank AS
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| Amount: | SEK 1 billion
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| Description: | Green bonds
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| Maturity: | May 12, 2023
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| Coupon: | Stibor plus 60 bps
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| Trade date: | Feb. 5
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| Ratings: | Moody’s: A3
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| Fitch: A-
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