Published on 4/27/2012 in the Prospect News Liability Management Daily.
Banco Santander releases weighted average prices paid in tender offer
By Angela McDaniels
Tacoma, Wash., April 27 - Banco Santander, SA announced the weighted average purchase prices paid in its tender offer that ended at 11 a.m. ET on April 24.
As previously reported, the bank accepted €450,240,925.76 of securities for purchase.
The bank offered to purchase up €750 million of 33 series of fixed-rate securities totaling €6 billion issued by securitization funds managed by Santander de Titulizacion, SGFT, SA. The tender offer began on April 16.
The results are noted in the table below. The amount outstanding refers to the outstanding principal amount of the relevant security as of the settlement date following any reduction of its original principal amount by prepayments prior to that date.
The bank also paid accrued interest up to but excluding the settlement date, which was April 27.
The tender and information agent was Lucid Issuer Services Ltd. (contact David Shilson/Sunjeeve Patel at santander@lucid-is.com or 44 0 207 704 0880).
Banco Santander is a bank based in Madrid.
Banco Santander tender offer
Senior securities
Issuer | Series | Amount outstanding | Amount accepted | Average price
|
Hipotebansa X | Series A €898.7 million | €142,704,752.70 | €6,335,728.98 | 89.81%
|
Hipotebansa XI | Series A €1,040,800,000 | €242,351,320.80 | €4,610,449.80 | 86.06%
|
Santander Hipotecario 1 | Series A €1,718,400,000 | €475,817,570.90 | €95,501,326.93 | 86.25%
|
Santander Hipotecario 2 | Series A €1,801,500,000 | €824,556,098.00 | €45,678,988.94 | 82.47%
|
Santander Hipotecario 3 | Series A1 €613.3 million | €283,688,232.00 | None
|
Santander Hipotecario 3 | Series A2 €1.54 billion | €1,012,275,880.00 | None
|
Santander Hipotecario 3 | Series A3 €420 million | €276,075,240.00 | €151,184,060.00 | 75.94%
|
Santander Publico 1 | Series A €1,813,000,000 | €333,089,799.00 | €9,186,150.00 | 93.00%
|
FTPyme Santander 1 | Series B1(G) €537.1 million | €158,410,018.20 | None
|
FTPyme Santander 2 | Series A €1,228,500,000 | €132,093,602.60 | None
|
FTPyme Santander 2 | Series B(G) €373.5 million €40,160,326.10 | None
|
Santander Empresas 2 | Series A2 €1,365,000,000 | €160,956,705.00 | None
|
Santander Empresas 3 | Series A2 €1.8 billion | €339,231,600.00 | €37,635,861.40 | 95.34%
|
Santander Empresas 3 | Series A3 €627.5 million | €144,672,446.80 | €34,583,055.00 | 95.80%
|
Pymes Banesto 2 | Series A2 €541.7 million | €225,980,772.3 | €2,085,848.00 | 93.00%
|
Santander Consumer Spain Auto 07-1 | Series A €1,902,000,000 | €218,703,942.6 | €1,736,293.13 | 97.00%
|
|
Mezzanine securities
|
Issuer | Series | Amount outstanding | Amount accepted | Average price
|
Hipotebansa X | Series B €18.3 million | €9,989,336.80 | €4,203,163.58 | 63.19%
|
Hipotebansa XI | Series B €21.2 million | €14,541,077.90 | None
|
Santander Hipotecario 2 | Series D €49.8 million | €49.8 million | €38.9 million | 50.00%
|
Santander Hipotecario 2 | Series E €19.6 million | €19.6 million | None
|
Santander Hipotecario 3 | Series E €28 million | €28 million | None
|
Santander Empresas 1 | Series D €170.5 million | €170.5 million | €18.6 million | 70.00%
|
Santander Empresas 2 | Series B €84.1 million | €84.1 million | None
|
Santander Empresas 2 | Series C €62.3 million | €62.3 million | None
|
Santander Empresas 2 | Series D €59.5 million | €59.5 million | None
|
Santander Empresas 2 | Series E €29 million | €29 million | None
|
Santander Empresas 3 | Series E €45.5 million | €45.5 million | None
|
Santander Financiacion 1 | Series B €25.7 million | €25.7 million | None
|
Santander Financiacion 1 | Series D €47.5 million | €47.5 million | None
|
Pymes Banesto 2 | Series B €24.3 million | €24.3 million | None
|
Pymes Banesto 2 | Series C €34 million | €34 million | None
|
Financiacion Banesto 1 | Series B €24 million | €24 million | None
|
Financiacion Banesto 1 | Series C €16 million | €16 million | None
|
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