Clifford Chance advises Banco Santander on 1.2 billion euro synthetic securitisation Magdalena 10

Clifford Chance advises Banco Santander on 1.2 billion euro synthetic securitisation Magdalena 10

Clifford Chance has advised Banco Santander on incorporating the synthetic Spanish securitisation fund "Fondo de Titulización Magdalena 10", totalling 1.2 billion euros, and on issuing portfolio credit-linked notes for the amount of 87 million euros. These securitisation bonds are registered on the Spanish Alternative Fixed Income Market, MARF.

The Clifford Chance team was led by Global Financial Markets counsel Leonardo Fernández and partner Timothy Cleary, from Madrid and London, respectively, with the support of senior associate Virginia Jiménez from the Madrid office and senior associate Christopher Leonard and associate Oliver Tully from the London office.For further information on this press release, please contact: