Banco Santander S.A. Third Issuance of Internationalisation Bonds (6841K)

TIDMBNC

RNS Number : 6841K

Banco Santander S.A.

11 July 2017

MATERIAL FACT

In relation to the "Third Issuance of Internationalisation Bonds", with ISIN code ES0313900401, carried out by Banco Santander, S.A. (The Issuer), for one hundred and eighty million (180,000,000) US dollars (the Third Issuance), and the Securities Note of which was entered in the records of the Spanish National Securities Market Commission on 31 March 2016 with official registration number 97428, Banco Santander, S.A. hereby announces that it will proceed with the partial redemption and cancellation of the Internationalisation Bonds included in the Third Issuance on 12 July 2017 (the "Early Redemption Date"). The current unit nominal value is USD 118,750.

The partial redemption will be carried out on a pro rata basis, by reducing the unit nominal value of the internationalisation bonds by USD 22,500, such that, once the partial redemption has been made, the unit nominal value will be USD 96,250.

Likewise, on the Early Redemption Date, the Issuer will pay the holders of the internationalisation bonds included in the Third Issuance the amount equivalent to the interest earned, i.e. the amount corresponding to the interest earned, from the day the last quarterly interest payment was made until the Early Redemption Date, pursuant to the Securities Note.

In light of the foregoing, the securities redemption tables in item 4.9 of the Securities Note will now be as follows:

 
          REDEMPTION OF THE               REDEMPTION OF A PARTICULAR 
          SECURITIES OF THE                           BOND 
               ISSUANCE 
------------------------------------  ---------------------------------- 
  Date     Redemption    Outstanding    Date    Redemption   Outstanding 
                          Principal                           Principal 
--------  ------------  ------------  -------  -----------  ------------ 
 17 Mar                                17 Mar 
   2016                  180,000,000    2016             0       150,000 
 17 Jun                                17 Jun 
   2016     -7,500,000   172,500,000    2016        -6,250       143,750 
 19 Sep                                19 Sep 
   2016     -7,500,000   165,000,000    2016        -6,250       137,500 
 19 Dec                                19 Dec 
   2016     -7,500,000   157,500,000    2016        -6,250       131,250 
 17 Mar                                17 Mar 
   2017     -7,500,000   150,000,000    2017        -6,250       125,000 
 19 Jun                                19 Jun 
   2017     -7,500,000   142,500,000    2017        -6,250       118,750 
 12 Jul                                12 Jul 
   2017    -27,000,000   115,500,000    2017       -22,500        96,250 
 18 Sep                                18 Sep 
   2017     -6,450,000   109,050,000    2017        -5,375        90,875 
 18 Dec                                18 Dec 
   2017     -6,450,000   102,600,000    2017        -5,375        85,500 
 19 Mar                                19 Mar 
   2018     -6,450,000    96,150,000    2018        -5,375        80,125 
 18 Jun                                18 Jun 
   2018     -6,450,000    89,700,000    2018        -5,375        74,750 
 17 Sep                                17 Sep 
   2018     -6,450,000    83,250,000    2018        -5,375        69,375 
 17 Dec                                17 Dec 
   2018     -6,450,000    76,800,000    2018        -5,375        64,000 
 18 Mar                                18 Mar 
   2019     -6,450,000    70,350,000    2019        -5,375        58,625 
 17 Jun                                17 Jun 
   2019     -6,450,000    63,900,000    2019        -5,375        53,250 
 17 Sep                                17 Sep 
   2019     -6,450,000    57,450,000    2019        -5,375        47,875 
 17 Dec                                17 Dec 
   2019     -6,450,000    51,000,000    2019        -5,375        42,500 
 17 Mar                                17 Mar 
   2020    -51,000,000             0    2020       -42,500             0 
--------  ------------  ------------  -------  -----------  ------------ 
 

Published as a material fact for relevant purposes.

Boadilla del Monte, 11 July 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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July 11, 2017 02:11 ET (06:11 GMT)