Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000107
Chunk: 7

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 7
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 19.5 14.4 UK - - 4.5 - 6.5 3.4 4 - 5 4.2 8.5 - 11.5 7.6 SHUSA - - 3 - 4 1.8 - - 3 - 4 1.8 TOTAL 0 - 0.5 0.3 20.5 - 24.5 18.8 7 - 10 4.7 27.5 - 35 23.9 AT1 + Tier 2 SNP + Senior Covered Bonds TOTAL 2 4 2 43 1 € bn, Jun-25 2025 issuances against funding plan

10 EXECUTION OF 2025 FUNDING PLAN2025 FUNDING PLAN - BANCO SANTANDER, S.A. (1) MREL/TLAC needs reduced by c.€7bn in 2025 due to, amongst others: regulatory improvements (CRR3 lower impacts and FRTB delay); risk transfer; CACEIS sale; extra dividends from subsidiaries. (2) Reduction in MREL/TLAC needs leads to an increase in Covered Bond issuances in order to maintain liquidity metrics at desired levels. € bn, Jun-25 Original Funding Plan Adjusted Funding Plan 2025 2025 AT1 + Tier 2 0 - 0.5 0 - 0.5 0.0 0.3 0.3 SNP + SP 20 - 21 13 - 14 7.8 5.8 13.6 Covered Bonds 0.5 - 2 3 - 5 0.0 0.5 0.5 TOTAL 20.5 - 23.5 16 - 19.5 7.8 6.6 14.4 MREL/TLAC 20 - 21.5 13 - 14.5 7.8 6.1 13.9 Executed in 2025 Total executed Pre-funding in 2024 1 Additionally, in July 2025 Banco Santander S.A. issued: • €1.5bn AT1 transaction at a 6% coupon in conjunction with a liability management of the €1.5bn 4.375% AT1, with first call and reset date in January 2026, repurchasing €466.