Portugal's Banco Santandar Totta has hopped on the buyback bandwagon, announcing a tender for its RMBS.

The three bonds targetted are part of its Hipototta program and add up to current amount outstanding of €2.24 billion ($2.92), according to Barclays Capital. A statement from Santander Totta estimated the original amount of the bonds at a combined €5.4 billion. 

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