Santander Consumer Bank and Banco Santander securitize consumer credit deriving from loans granted by Santander Consumer Bank worth over €700 million
Clients Santander Consumer Bank and Banco Santander, S.A.
Jones Day advised as drafting counsel Santander Consumer Bank, as originator, and Banco Santander, S.A., as arranger, in the securitization of consumer credit deriving from loans granted by Santander Consumer Bank worth over €700 million. The class A and B securities issued by the special purpose vehicle Golden Bar (Securitization) obtained a rating from DBRS and Fitch and were listed on the Luxembourg Stock Exchange. All the securities, including the junior Class Z securities, were directly subscribed by the same Santander Consumer Bank. The senior securities will be used by the originator bank itself as collateral for refinancing operations in the Central Bank.