By Devika Patel
Knoxville, Tenn., Nov. 2 – Santander Consumer Bank AS priced NOK 1 billion of senior preferred green bonds in two tranches, according to a press release.
The notes include NOK 750 million of three-year notes, which have a coupon equal to Nibor plus 36 basis points, and NOK 250 million of five-year notes with a coupon equal to Nibor plus 55 bps.
Proceeds 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: | Senior preferred green bonds
|
| Amount: | NOK 1 billion
|
| Announcement date: | Nov. 2
|
| Settlement date: | Nov. 5
|
|
|
| Three-year green notes
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| Amount: | NOK 750 million
|
| Maturity: | Nov. 5, 2024
|
| Coupon: | Nibor plus 36 bps
|
| ISIN: | NO0011146409
|
|
|
| Five-year green notes
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| Amount: | NOK 250 million
|
| Maturity: | Nov. 5, 2026
|
| Coupon: | Nibor plus 55 bps
|
| ISIN: | NO0011146425
|
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