spot_img
Thursday, February 22, 2024

Linklaters, Uría advise on Banco Santander´s $2.75bn debt issuance

Banco Santander, advised by Uría Menéndez, has issued a dual-tranche SEC Registered Senior transaction consisting of a $1.25 billion Senior Preferred 3-year bullet and $1.5 billion Senior Non Preferred 6NC5.

-

Banco Santander has launched a dual-tranche SEC Registered Senior transaction consisting of a $1.25 billion Senior Preferred 3-year bullet and $1.5 billion Senior Non Preferred six-year 6NC5.

According to Silvana Borgatti, head of Finance at Banco Santander: “On the back of positive backdrop with a market that has been ruled by small windows due to the current geopolitical tensions, Banco Santander decided to use the current one to keep on complying with its funding plan. We received an overwhelming response from the investor base on the SNP tranche: $5.9 billion vs $1.9 billion (pre-rec), totalling combined books of around $ 7.8 billion.”

This is Santander’s first transaction in which Diversity & Inclusion (D&I) firms have participated in the underwriting group as Co-lead Managers – Siebert Williams Shank & Co (Minority & Women-Owned Enterprise), Samuel A. Ramirez & Company (Minority-Owned Business Enterprise) and R. Seelaus & Co (Women’s Business Enterprise).

“The composition of the of the syndicate reflects Santander’s commitment to ESG values and principles across its business,” said Borgatti

Linklaters advised the banks with a team led by Capital Markets partner Jorge Alegre, while a team from Uría Menéndez advised its longtime client Banco Santander.

On the other hand, Uría Menéndez’s team was led by partner Carolina Albuerne.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

KWM guides Moira Capital´s €10m investment in IEQSY

Moira Capital Partners has closed the year with its 14th investment. IEQSY is a Spanish company specialising in the design and manufacture of systems...

BM assists AEW with two retail parks acquisition

AEW has been advised by Baker McKenzie on the acquisition of two prime retail parks in Spain: Rivas Futura, one of the largest prime...

RCD opens in Córdoba

The move is part of the firm's growth strategy and demonstrates the firm's aim to expand in the region, where it already has an...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: