Santander UK pounces for sterling AT1 as Brexit process begins

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Santander UK pounces for sterling AT1 as Brexit process begins

Tyler Davies
March 30, 2017 01:00 PM
Santander_UK_PA_230x150
File photo dated 14/02/15 of a Santander sign, as the high street lender notched up a 13\% hike in annual UK profits despite seeing a sharp slowdown in customer growth at its flagship current account. | Laura Lean/PA Wire/PA Images

Santander UK opened books for a new sterling additional tier one (AT1) transaction on Thursday, marketing the deal against a backdrop of calm following the UK’s decision to trigger Article 50.

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