Santander Issues $2.25B in Senior Preferred Notes
Ticker: BCDRF · Form: 6-K · Filed: Jul 15, 2024 · CIK: 891478
| Field | Detail |
|---|---|
| Company | Banco Santander, S.A. (BCDRF) |
| Form Type | 6-K |
| Filed Date | Jul 15, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $750,000,000, $1,500,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, notes, financing
TL;DR
Santander just dropped $2.25B in new debt – notes due 2028 and 5.365% senior preferred.
AI Summary
Banco Santander, S.A. announced on July 15, 2024, the issuance of $750,000,000 in Senior Preferred Callable Floating Rate Notes due 2028 and $1,500,000,000 in 5.365% Senior Preferred Notes. This filing is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Why It Matters
This debt issuance provides Banco Santander with significant capital, potentially strengthening its financial position and supporting future growth initiatives.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of debt issuance by a large, established financial institution.
Key Numbers
- $2.25B — Total Debt Issued (Combined principal amount of the two note issuances.)
- $750.0M — Floating Rate Notes (Principal amount of Senior Preferred Callable Floating Rate Notes due 2028.)
- $1.5B — Fixed Rate Notes (Principal amount of 5.365% Senior Preferred Notes.)
Key Players & Entities
- Banco Santander, S.A. (company) — Issuer of the notes
- $750,000,000 (dollar_amount) — Principal amount of Senior Preferred Callable Floating Rate Notes due 2028
- $1,500,000,000 (dollar_amount) — Principal amount of 5.365% Senior Preferred Notes
- 2028 (date) — Maturity year for the floating rate notes
FAQ
What is the total aggregate principal amount of the notes issued by Banco Santander?
The total aggregate principal amount is $2,250,000,000, comprising $750,000,000 of Senior Preferred Callable Floating Rate Notes due 2028 and $1,500,000,000 of 5.365% Senior Preferred Notes.
When was this Form 6-K filed?
This Form 6-K was filed on July 15, 2024.
What type of notes were issued?
Banco Santander issued Senior Preferred Callable Floating Rate Notes due 2028 and 5.365% Senior Preferred Notes.
What is the maturity date for the floating rate notes?
The Senior Preferred Callable Floating Rate Notes have a maturity in 2028.
Is Banco Santander required to file annual reports under Form 20-F?
Yes, the filing indicates that the registrant files annual reports under cover of Form 20-F.
Filing Stats: 425 words · 2 min read · ~1 pages · Grade level 9.5 · Accepted 2024-07-15 13:19:57
Key Financial Figures
- $750,000,000 — he issuance by Banco Santander, S.A. of $750,000,000 aggregate principal amount of Senior Pr
- $1,500,000,000 — Callable Floating Rate Notes due 2028, $1,500,000,000 aggregate principal amount of 5.365% Se
Filing Documents
- d72110d6k.htm (6-K) — 13KB
- d72110dex11.htm (EX-1.1) — 365KB
- d72110dex41.htm (EX-4.1) — 332KB
- d72110dex51.htm (EX-5.1) — 42KB
- d72110dex52.htm (EX-5.2) — 12KB
- g72110dsp146.jpg (GRAPHIC) — 4KB
- g72110g0713025934019.jpg (GRAPHIC) — 2KB
- g72110g0713030034247.jpg (GRAPHIC) — 3KB
- g72110g0713030158377.jpg (GRAPHIC) — 5KB
- 0001193125-24-178966.txt ( ) — 784KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BANCO SANTANDER, S.A. (Registrant) Date: July 15, 2024 By: /s/ José Antonio Soler Name: José Antonio Soler Title:Authorized Representative