REG - Banco Santander S.A. - Modification of internationalization covered bonds

Banco Santander SAAnnouncement

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RNS Number : 2576X  Banco Santander S.A.  29 August 2025

 

Banco Santander, S.A. (the "Issuer" or the "Bank"), in compliance with the
Securities Market legislation, hereby communicates the following:

 

OTHER RELEVANT INFORMATION

 

In relation to the "Issuance of Banco Santander, S.A. Internationalization
Covered Bonds Series 4 - March 2026" ("Emisión de Cédulas de
Internacionalización Banco Santander, S.A. Serie 4 - Marzo 2026"), with ISIN
code ES0413900707, for an amount of one billion dolars (USD 1,000,000,000),
whose Final Conditions were filed with the Spanish National Securities Market
Commission (the "CNMV") on 4 March 2021 (hereinafter, as amended on the 3(rd)
May 2023, the "Issuance" or the "Series 4")", the Issuer has carried out a
process to gather the consent of each and every investor of the Issuance for
the purpose of: (i) extending the maturity of the Issuance, and accordingly,
(ii) modifying the applicable interest rate which should be applicable from
the next interest payment date (excluded) to the new maturity date (included).

 

In particular, once the consent of the holders representing 100% of the
Issuance has been obtained, the following modifications have been made:

 

-     the maturity date (previously being 4(th) March 2026) is extended up
to the 4(th) September 2030; and

 

-     the interest rate (previously being Compounded SOFR 6 months plus
53.826 basis points) applicable from the next interest payment date
(excluded), i.e., 4(th) September 2025, to the new maturity date is:
Compounded SOFR 6 months plus 55.942 basis points (as defined in the Final
Conditions attached as Annex I).

 

In everything not expressly described in the preceding paragraphs, the same
terms and conditions that were established in the Final Conditions, prior to
this modification, will still apply.

 

New Final Conditions applicable to Series 4 are attached to this notice as
Annex I.

 

Likewise, it is hereby stated that all the necessary communications have been
made to the relevant bodies.

 

The foregoing is hereby disclosed as other relevant information for all
relevant purposes.

 

Boadilla del Monte (Madrid), 29 August 2025

 

 

 

 

ANNEX I
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-oir-ccff-serie-4-mark-up.pdf)

 

 

IMPORTANT INFORMATION

 

Not a securities offer

 

This document and the information it contains does not constitute an offer to
sell nor the solicitation of an offer to buy any securities.

 

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