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Santander Holdings USA pricing benchmark five-year notes Tuesday
By Aleesia Forni
Virginia Beach, April 14 – Santander Holdings USA Inc. is planning to price a benchmark offering of senior notes (Baa2/BBB/) due 2020 on Tuesday, according to a market source and a 424B3 filed with the Securities and Exchange Commission.
Proceeds will be used for general corporate purposes.
Barclays, BofA Merrill Lynch and Santander are the bookrunners.
Boston-based Santander Holdings USA is the parent company of Sovereign Bank. It is a subsidiary of Spain’s Banco Santander, SA.
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