Debt markets were given a significant confidence boost on Monday when Santander, Spain’s largest bank, launched a programme to buy back securitised bonds with a face value of €16.5bn ($23.6bn).
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By Mark Mulligan in Madrid and Anousha Sakoui in London
Published: August 24 2009 09:54 | Last updated: August 24 2009 20:25
Debt markets were given a significant confidence boost on Monday when Santander, Spain’s largest bank, launched a programme to buy back securitised bonds with a face value of €16.5bn ($23.6bn).