Banco Santander S.A. Notice of Change of Distribution Rate (7763T)
23 March 2019 - 2:08AM
UK Regulatory
TIDMBNC
RNS Number : 7763T
Banco Santander S.A.
22 March 2019
NOTICE OF CHANGE OF DISTRIBUTION RATE
BANCO SANTANDER, S.A.
EUR 1,500,000,000 Non-Step-Up Non-Cumulative Contingent
Convertible Perpetual Preferred Tier 1 Securities issued on 12
March 2014 (the "Preferred Securities")
ISIN: XS1043535092
MADRID, Spain, March 22, 2019 - Banco Santander, S.A. (the
"Company") announces that, in respect of the reset period from (and
including) 12 March 2019 to (but excluding) 12 June 2019, and
according to the Conditions of the Preferred Securities set forth
in the Offering Circular dated 6 March 2014, Distribution Rate
would be 5.481% per annum (5-year Mid-Swap Rate of 0.071% + Initial
Margin of 5.41%).
This announcement has been issued through the Companies
Announcement Service of Euronext Dublin.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ISEGMGZFKZNGLZM
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