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The $942 million sale, led by Citigroup Inc (NYSE:C), was part of a larger asset-backed securities (ABS) deal valued at $1.3 billion, where Santander (BME:SAN) Consumer was retaining some of the securities, the report said.
The underwriters informed investors that the deal would be postponed due to “market volatility”, and the issuer would consider revisiting the trade at a later time, the report added.
Santander declined to comment when contacted by Reuters.
