Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 719

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 719
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5-yearUST), and (ii) for the second Series at 9.625% annually for the first ten years, being reviewed thereafter every five years, applying a margin of 529.8basis points on the five-yearUST rate. At 8 August 2023, Banco Santander, S.A. carried out an issue of subordinated obligations for an amount of 2,000million dollars ( 1,821million euros at the exchange rate on the day of issuance). The issue was carried out at par coupon was set at 6.921% per year, payable semiannually during the 10-yearlife of the operation. At 23 May 2023, Banco Santander, S.A. issued subordinated bonds for an amount of 1,500million euros for a term of 10 years and 3 months. The issue was carried at 99.739% and the coupon of the issue was set at 5.75% annually for the first 5 years and 3 months, with the option of amortization in August 2028, revising the coupon, in case of non-amortization, at a margin of 285points plus the Euro Swap type 5years. At 6 July 2022 and 20 July 2022, twosubordinated issues matured for a nominal amount of EUR 114million and EUR 25million, respectively. At 25 April 2022, Banco Santander, S.A. proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code XS1602466424 and common code 160246642 in circulation, for a total nominal amount of EUR 750million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC'). At 22 November 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the tenth anniversary of the issue date, in the amount of USD 1,000million (EUR 1,007million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 3.225%, payable semi-annually, for the first ten years. This issue has an early redemption option in the tenth year from the issue date and if the redemption is not executed in the tenth year, the coupon is repriced at a margin of 160points over the one-yearUS government bond. At