REG - Banco Santander S.A. - Optional early redemption ISIN ES0213900220

Banco Santander SAAnnouncement

16/10/2024 07:15

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RNS Number : 3905I  Banco Santander S.A.  16 October 2024

 

Banco Santander, S.A., in compliance with the Securities Market legislation,
hereby communicates the following:

INSIDE INFORMATION

Banco Santander, S.A. (the "Issuer" or "Banco Santander") announces its
decision to carry out the optional early redemption of all outstanding
contingent redeemable perpetual bonds (Obligaciones Perpetuas contingentemente
amortizables (Bonos de Fidelización)), with ISIN code ES0213900220, for a
nominal total value of nine hundred eighty-one million euros (EUR
981,000,000), which are traded on the AIAF Fixed Income Market (Mercado AIAF
de Renta Fija) (the "Bonds").

The early redemption of all of the outstanding Bonds, for which the pertinent
regulatory authorization has already been received, will be carried out on the
first optional early redemption window on the seventh anniversary date of the
issuance, falling on the remuneration payment date on 15 December 2024,
pursuant to the provisions of section 4.8 (Maturity date and redemption
assumptions) of the Note on Securities relating to the public offer for sale
of the Bonds approved and registered with the CNMV on 12 September 2017 (the
"Securities Note"). The decision of the Issuer to exercise the optional early
redemption right is irrevocable, and holders of the Bonds are being informed
by means of this announcement of inside information and other foreseen
notices, in the form, within the required timeframe, and for the purposes set
out in section 4.8 of the Securities Note.

The early redemption price, which will be equal to 100% of the outstanding
nominal value of each Bond plus any accrued and unpaid remuneration associated
to each Bond up to 15 December 2024, will be paid on such date to the holders
of the Bonds by Banco Santander as the paying agent, in accordance with the
Securities Note.

 

Boadilla del Monte (Madrid), 16 October 2024

 

 

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.

Past performance does not indicate future outcomes

Statements about historical performance or growth rates must not be construed
as suggesting that future performance, share price or results (including
earnings per share) will necessarily be the same or higher than in a previous
period. Nothing in this document should be taken as a profit and loss
forecast.

 

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