Liability management: Santander conducts jumbo tender of ABS

lines of Santander structured finance securities under tender

Santander maintained its reputation as a vigorous manager of its assets and liabilities in August when it unveiled a groundbreaking tender operation for 27 different lines of its outstanding structured finance securities with a nominal face value of €16.5 billion.

Santander was the first bank to return to the equity markets in November 2008 when it completed a €7.2 billion rights issue. Already among the best-capitalized and highest-rated banks, Santander is looking to strengthen its balance sheet using all avenues – either asset sales or liability management.