RNS Number : 3905I
Banco Santander S.A.
16 October 2024
 

 

Banco Santander, S.A., in compliance with the Securities Market legislation, hereby communicates the following:

INSIDE INFORMATION

Banco Santander, S.A. (the "Issuer" or "Banco Santander") announces its decision to carry out the optional early redemption of all outstanding contingent redeemable perpetual bonds (Obligaciones Perpetuas contingentemente amortizables (Bonos de Fidelización)), with ISIN code ES0213900220, for a nominal total value of nine hundred eighty-one million euros (EUR 981,000,000), which are traded on the AIAF Fixed Income Market (Mercado AIAF de Renta Fija) (the "Bonds").

The early redemption of all of the outstanding Bonds, for which the pertinent regulatory authorization has already been received, will be carried out on the first optional early redemption window on the seventh anniversary date of the issuance, falling on the remuneration payment date on 15 December 2024, pursuant to the provisions of section 4.8 (Maturity date and redemption assumptions) of the Note on Securities relating to the public offer for sale of the Bonds approved and registered with the CNMV on 12 September 2017 (the "Securities Note"). The decision of the Issuer to exercise the optional early redemption right is irrevocable, and holders of the Bonds are being informed by means of this announcement of inside information and other foreseen notices, in the form, within the required timeframe, and for the purposes set out in section 4.8 of the Securities Note.

The early redemption price, which will be equal to 100% of the outstanding nominal value of each Bond plus any accrued and unpaid remuneration associated to each Bond up to 15 December 2024, will be paid on such date to the holders of the Bonds by Banco Santander as the paying agent, in accordance with the Securities Note.

 

Boadilla del Monte (Madrid), 16 October 2024

 

 

IMPORTANT INFORMATION

Not a securities offer

This document and the information it contains does not constitute an offer to sell nor the solicitation of an offer to buy any securities.

Past performance does not indicate future outcomes

Statements about historical performance or growth rates must not be construed as suggesting that future performance, share price or results (including earnings per share) will necessarily be the same or higher than in a previous period. Nothing in this document should be taken as a profit and loss forecast.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFFISMMELSESS
Grafico Azioni Banco Santander (LSE:BNC)
Storico
Da Nov 2024 a Dic 2024 Clicca qui per i Grafici di Banco Santander
Grafico Azioni Banco Santander (LSE:BNC)
Storico
Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di Banco Santander