tl;dr
Santander (NYSE:SAN) announced that funds and accounts managed by BlackRock (NYSE:BLK) will provide financing on a $600M diversified portfolio of infrastructure credit. The credit will spread across communications, energy, power, and transportation sectors via a structured transaction. Gary Shedlin,...
Santander (NYSE:SAN) announced that funds and accounts managed by BlackRock (NYSE:BLK) will provide financing on a $600M diversified portfolio of infrastructure credit. The credit will spread across communications, energy, power, and transportation sectors via a structured transaction. Gary Shedlin, Vice Chairman of BlackRock, stated, "Our infrastructure debt franchise aims for win-win financing transactions that solve the needs of financial institutions and corporates, while generating returns for long-term investors." He also added, "We have a longstanding relationship with Santander and look forward to providing flexible capital to support the growth of its global project finance franchise and all sectors of the burgeoning infrastructure economy."
More about Banco Santander SA ADR
Banco Santander SA ADR Summary Banco Santander, SA, offers various commercial and retail banking products and services to individuals, small and medium-sized companies and large companies worldwide. The company is headquartered in Madrid, Spain.
Industry: FINANCE, COMMERCIAL BANKS, NEC
Market Cap: 768.47B
PE Ratio: 6.84
EPS: 0.176
Dividend Yield: 0.71%
52-Week High: 2.768
52-Week Low: 0.247
Revenue: 44.76B
Operating Margin: 5.06%
Return on Assets: 0.411
Return on Equity: 0.059
More about BlackRock Inc
Stock: BlackRock Inc
Description: BlackRock, Inc. is an American multinational investment management corporation based in New York City.
Sector: Finance
Industry: Security Brokers, Dealers & Flotation Companies
Market Cap: 119.59B
Price/Earnings Ratio: 22.02
Dividend Yield: 2.02%
52-Week Low: 36.5
52-Week High: 119.6
Price/Sales Ratio: 0.308
Outstanding Shares: 178.59M
Market Cap (intraday): 929.92B
Beta: 0.103
Volatility: 0.068
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