Santos to redeem €1 billion subordinated notes due 2070 on Sept. 22

By Sarah Lizee

Olympia, Wash., Aug. 23 – Santos Finance Ltd. will redeem all of its €1 billion fixed to floating-rate subordinated notes due 2070 on Sept. 22, according to a notice from the issuer.

The notes will be redeemed at par plus interest accrued up to but excluding the optional redemption date.

Santos Finance raises debt for Adelaide, Australia-based Santos Ltd., a natural gas exploration and production company.

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