By Rebecca Melvin
Concord, N.H., April 20 – Santander Consumer Bank AS priced SEK 500 million three-year senior green floating-rate notes (A3//A), representing the lender’s second green bond issuance since its green bond framework was established in December, according to a notice.
Pricing of the notes, which mature April 29, 2024, occurred at three-month Stibor plus 42 basis points yield.
The proceeds of the bonds will be used to finance a loan portfolio of new and existing retail loan and lease contracts for electric vehicles.
The lender is based in Germany and is a subsidiary of Madrid-based Santander Group.
| Issuer: | Santander Consumer Bank AS
|
| Issue: | Green floating-rate notes
|
| Amount: | SEK 500 million
|
| Maturity: | April 29, 2024
|
| Coupon: | Stibor plus 42 bps
|
| Announcement date: | April 20
|
| Ratings: | Moody’s: A3
|
| Fitch: A
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
