By Devika Patel
Knoxville, Tenn., Jan. 7 – Santander UK plc priced $1.25 billion of 2.1% three-year senior notes (Aa3/A/A+) at 57 basis points over Treasuries on Monday, according to an FWP filed with the Securities and Exchange Commission.
The notes priced at 99.939 to yield 2.121%.
Barclays, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, NatWest Markets Securities Inc. and Santander Investment Securities Inc. are the bookrunners.
Proceeds will be used for general corporate purposes.
The provider of banking and financial products and services is based in London.
| Issuer: | Santander UK plc
|
| Amount: | $1.25 billion
|
| Description: | Senior notes
|
| Maturity: | Jan. 13, 2023
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, NatWest Markets Securities Inc. and Santander Investment Securities Inc.
|
| Coupon: | 2.1%
|
| Price: | 99.939
|
| Yield: | 2.121%
|
| Spread: | Treasuries plus 57 bps
|
| Call feature: | None
|
| Trade date: | Jan. 6
|
| Settlement date: | Jan. 13
|
| Expected ratings: | Moody’s: Aa3
|
| S&P: A
|
| Fitch: A+
|
| Distribution: | SEC registered
|
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