CRC, GoldenTree to Buy Into Intesa CRE-Linked Risk Transfer [Yahoo! Finance Canada]
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The money managers will each take about 50% of the SRT that's tied to a selection of commercial real estate loans, said the people, who asked not to be identified because the matter is private. Representatives for Intesa, CRC and GoldenTree declined to comment. SRTs, also known as synthetic risk transfers, allow banks to insure their loans against default by selling notes to investors such as pension, sovereign wealth and hedge funds. For banks, the benefit is that they are able to tie up less of their own capital to meet regulatory requirements. Some of the SRTs have been priced at a yield in the low double digits. Loans tied to significant risk transfers have reached about $1 trillion, with deals running at the fastest pace on record for the fourth year in a row, according to data compiled by Chorus Capital Management. CRC has invested more than €1.5 billion in the SRTs of European banks in 2023 for the third year in a row, according to its websit
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News
- PBB Bond Sale Said to Leave Banks Stuck With a Chunk of Debt [Yahoo! Finance]Yahoo! Finance
- Santander Markets At Least a Dozen SRTs in Move to Boost Profits [Yahoo! Finance Canada]Yahoo! Finance Canada
- Banco Santander, S.A. (NYSE: SAN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Banco Santander, S.A. (NYSE: SAN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Automotive Finance Market to surpass $544.1 Bn by 2032, Says Global Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
SAN
Earnings
- 10/30/24 - Miss
SAN
Analyst Actions
- 9/7/24 - UBS Group AG
SAN
Sec Filings
- 11/21/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/12/24 - Form 13F-HR
- SAN's page on the SEC website