A&O Shearman advises Santander on EUR2.4 billion on-balance-sheet securitization of large corporate loans

“Synthetic securitization of large corporate portfolios has moved from niche to mainstream. Originators see it as one of the most efficient ways to free up capital and keep lending to their core clients, while a broader and more sophisticated investor base is now actively competing for this type of asset class. This transaction is a clear example of where the market is heading, and we were delighted to support Santander in delivering it.”