IDB Invest Pushes Securitization Plan to Boost Lending for Riskier Firms [BNN Bloomberg (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: BNN Bloomberg
Banco Santander SA and Clifford Chance are advising the program, which seeks to use synthetic asset-backed securities as a way to boost investment for smaller and riskier companies, according to James Scriven, the chief executive officer for IDB Invest, the bank's private-sector arm. It's reaching out to potential investors with a first transaction, pooling a loan portfolio worth between $750 million and $1 billion. “We're not here to invest only our own money, we're here to create the environment through IDB public sector or through IDB Invest to be able to crowd in the private sector” said Scriven. “This is not an instrument widely used by multilaterals.” Synthetic securitizations are growing in popularity as a way for lenders to transfer the risk of loan losses to investors, who purchase a derivative or credit-linked note at an attractive yield. Unlike classic cash securitizations, the assets remain on the lender's books. For IDB Invest, it's also a way to meet sustainabilit
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- ROSEN, A TOP RANKED LAW FIRM, Encourages Banco Santander, S.A. Investors to Inquire About Securities Class Action Investigation – SANGlobeNewswire
- Levi & Korsinsky Reminds Banco Santander Investors of the Ongoing Investigation into Potential Violations of Securities Laws – SANAccesswire
SAN
Earnings
- 2/1/24 - Miss
SAN
Sec Filings
- 4/26/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/11/24 - Form 6-K
- SAN's page on the SEC website