By Cristal Cody
Tupelo, Miss., Oct. 30 – Santander UK plc provided additional details in an FWP filing on its previously reported $1.5 billion sale Friday of three-year senior notes (Aa3/A/A) in two tranches.
The $300 million tranche of three-year floating-rate notes priced at par to yield Libor plus 30 basis points.
Santander UK sold $1.2 billion of 2.125% notes due Nov. 3, 2020 at 99.659 to yield 2.243%, or a spread of Treasuries plus 52 bps.
Goldman Sachs & Co., BofA Merrill Lynch, Nomura Securities International, Inc., Santander Investment Securities Inc. and UBS Securities LLC were the bookrunners.
The notes are non-callable.
Proceeds will be used for general corporate purposes.
The financial services company is based in London.
Issuer: | Santander UK plc
|
Amount: | $1.5 billion
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Description: | Senior notes
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Bookrunners: | Goldman Sachs & Co., BofA Merrill Lynch, Nomura Securities International, Inc., Santander Investment Securities Inc. and UBS Securities LLC
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Trade date: | Oct. 27
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Settlement date: | Nov. 3
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Ratings: | Moody’s: Aa3
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| S&P: A
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| Fitch: A
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Distribution: | SEC registered
|
|
Two-year floaters
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Amount: | $300 million
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Maturity: | Nov. 3, 2020
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Coupon: | Libor plus 30 bps
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Price: | Par
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Yield: | Libor plus 30 bps
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Call feature: | Non-callable
|
|
Two-year notes
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Amount: | $1.2 billion
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Maturity: | Nov. 3, 2020
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Coupon: | 2.125%
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Price: | 99.659
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Yield: | 2.243%
|
Spread: | Treasuries plus 52 bps
|
Call feature: | Non-callable
|
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