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Banco Santander ( (ES:SAN) ) has provided an update.
Banco Santander has announced an invitation to repurchase outstanding obligations of GBP 600,000,000 Fixed Rate Senior Non-Preferred Instruments due in April 2026. The offer aims to optimize the liquidity and maturity profile of Santander’s TLAC/MREL instruments, with obligations acquired being canceled. Additionally, Santander plans to issue a new series of senior non-preferred obligations, offering priority allocation to holders who participate in the repurchase offer.
More about Banco Santander
Banco Santander, S.A. is a prominent financial institution operating in the banking industry. It offers a wide range of financial services, focusing on retail and commercial banking, asset management, and insurance across various global markets.
YTD Price Performance: 6.37%
Average Trading Volume: 8,145,563
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £59.63B
For an in-depth examination of SAN stock, go to TipRanks’ Stock Analysis page.
