Banco Santander SA (SAN) has released an update.
Banco Santander SA is set to issue a series of Senior Preferred Notes totaling $3.75 billion, with varying rates and maturities up to 2031, under an underwriting agreement with major financial institutions including Barclays and Goldman Sachs. The offering is part of a registered public offering of securities, and the bank assures compliance with all necessary regulatory requirements, stating it has not encountered any SEC objections to its automatic shelf registration statement.
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