Santander’s Nordic bank plans krona-denominated green bond with three- to five-year maturity

By Rebecca Melvin

New York, Feb. 4 – Santander Consumer Bank AS is meeting with fixed-income investors on Tuesday regarding a proposed krona-denominated senior green bond with a term of three to five years, according to a market source.

The bank has mandated ING, Santander and SEB as joint lead managers to arrange the meeting regarding a benchmark green preferred bond.

The proceeds will be used to finance a loan portfolio of new and existing retail loan and lease contracts for electric vehicles.

The Lysaker, Norway-based lender provides banking services in the Nordic region.

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