Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Banco Santander SA > News item |
Banco Santander gets tenders for $440.3 million Abbey notes, $99 million Santander Central notes
By Angela McDaniels
Tacoma, Wash., Jan. 20 - Banco Santander, SA received tenders for approximately $440.3 million of the 7.95% term subordinated securities due 2029 issued by Abbey National plc and approximately $99 million of the 7.25% subordinated guaranteed notes due 2015 issued by Santander Central Hispano Issuances Ltd., according to a bank news release.
A tender offer for the notes began Jan. 11 and expired at 5 p.m. ET on Jan. 19.
All of the tendered notes have been accepted for purchase.
Santander will pay $1,230 per $1,000 principal amount of 7.95% notes and $1,120 per $1,000 principal amount of 7.25% notes plus accrued interest up to but excluding the payment date, which is expected to be Jan. 22.
The dealer manager for the tender offer was Bank of America Merrill Lynch (888 292-0070 or 646 855-3401). The information agent was Acupay System LLC (212 422-1222 or +44 0 207-382-0340).
Banco Santander is a bank based in Madrid.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.