A subsidiary of Santander , Santander Finance , has said that it bought $ 1.77bn ( $ 1.95bn ) in Portuguese medium - term notes this week as part of a deal agreed with Portugal to capitalise troubled company Banif . Santander Totta, the Portuguese subsidiary of Spain’s It denies reports that it bought the debt in early March when Portuguese bond yields spiked to their highest since February .
A subsidiary of Santander , Santander Finance , has said that it bought $ 1.77bn ( $ 1.95bn ) in Portuguese medium - term notes this week as part of a deal agreed with Portugal to capitalise troubled company Banif . It denies reports that it bought the debt in early March when Portuguese bond yields spiked to their highest since February .