Santander Consumer Bank AS is part of Banco Santander, which is headquartered in Spain. This particular subsidiary is mainly based in Norway, with operations across the Nordic region. It is a leader in providing consumer car finance. As Norway has been a leader in passenger electric vehicle adoption, Santander has a large portfolio of consumer car loans linked to passenger electric vehicles. This includes exposure to over 25,000 passenger electric vehicles.
DATE OF ISSUE | TYPE OF INSTRUMENT | SIZE | TENOR | Jurisdiction of Issuance | CLIMATE BONDS SECTOR CRITERIA | VERIFIER'S REPORT | ANNUAL REPORT | FURTHER INFORMATION |
February 2020 | Use of proceeds bond |
SEK 1 billion (USD 104 million) |
3 years | Norway | Low Carbon Transport | pre issuance verification | Santander Consumer Bank AS green bond website |