Banco Santander, S.A. (SAN) Form 6-K — Oct 14, 2026
Banco Santander notified holders on October 14, 2026 that it will redeem in full its Series 10 4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities on November 12, 2026. The aggregate liquidation preference being redeemed is $298,400,000, payable at $200,000 per Note plus accrued distributions, via The Bank of New York Mellon, London Branch as paying agent.
Key figures
- Isin
- US05971KAH23
- Cusip
- 05971KAH2
- Coupon rate
- 4.750%
- Redemption date
- 2026-11-12
- Liquidation preference per note
- 200000
- Aggregate liquidation preference
- 298400000
AI analysis
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