Santander Totta raises €500M in covered bonds due 2029
What's the deal? Banco SantanderDealroom has a profile for this one. Try Dealroom → Totta, the Portuguese arm of Banco Santander, placed a €500 million ($580 million) covered bond issue with institutional investors on September 7, 2026. The bonds mature in September 2029 and carry a fixed coupon of 3.375%.
The details: The issue was made under the bank's covered bond programme approved by the Comissão do Mercado de Valores Mobiliários (CMVM), Portugal's securities market regulator. Settlement is scheduled for September 9, 2026.
Why now? Santander Totta said the placement strengthens its funding through covered debt instruments aimed at institutional investors.
The signal: The deal ranks among the largest debt raises in its category over the past four years, underscoring continued institutional appetite for secured bank paper as lenders lock in medium-term funding.
Read more: jornaleconomico.sapo.pt
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