Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 721

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 721
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term of USD 1,500million (EUR 1,222million at the date of issue). The issue bears interest at an annual rate of 2.749%, payable semiannually. At 22 October 2020, it carried out a ten-yearsubordinated debenture issue for an amount of EUR 1,000million. The issue bears interest at an annual rate of 1.625%, payable annually. At 14 January 2020, it carried out a placement of contingently convertible preferred participations into newly issued ordinary shares of the Bank (the 'PPCCs'), excluding the pre-emptive subscription rights of its shareholders and for a nominal amount of EUR 1,500million (the 'Issue' and the 'PPCCs'). The Issue was made at par and the remuneration of the PPCCs, the payment of which is subject to certain conditions and is also discretionary, was set at 4.375% per annum for the first six years, revised every five yearsthereafter by applying a margin of 453.4basis points over the 5-yearmid-Swap Rate ( 5-yearmid-Swap Rate). At 19 March 2018, a 'PPCC' issue was carried out, for a nominal amount of EUR 1,500million. The remuneration of the issue, the payment of which is subject to certain conditions and is also discretionary, was set at 4.75% per annum, payable quarterly, for the first seven years(revised thereafter by applying a margin of 410basis points over the Mid-swap rate). At 8 February 2018, a ten-yearsubordinated debenture issue of EUR 1,250million was carried out. The issue accrues annual interest of 2.125% payable annually. Issues by Banco Santander - Chile In January 2022, Banco Santander - Chile carried out an issuance, in the local market, of subordinated obligations with a term of 6years, for an amount of UF 3.3million (equivalent to USD 105million), which accrues an annual interest of 1.25%. In June 2020, Banco Santander - Chile issued subordinated debentures for a term of fifteen years, in the amount of UF 5million (equivalent to USD 185million). The issue bears annual interest at 3.5%. In April 2020, Banco Santander - Chile issued twosub