Banco Santander Concludes Senior Notes Repurchase
Company Announcements

Banco Santander Concludes Senior Notes Repurchase

Banco Santander (ES:SAN) has released an update.

Banco Santander S.A. has successfully completed a tender offer to repurchase its outstanding senior notes, with €502.7 million of its 1.375% senior non-preferred notes and €713.7 million of its 3.75% fixed-rate senior preferred notes being accepted for purchase. The repurchased notes will be cancelled and not re-issued, leaving an outstanding amount of €997.3 million and €1.036 billion for each note type, respectively, following the settlement date expected on October 2, 2024.

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