spot_img
Sunday, January 29, 2023
spot_img

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

Jones Day announces new Corporate leadership

As practice leaders, they will coordinate and oversee the firm's transactional work worldwide, including both the firm's M&A and Private Equity subpractices. These appointments,...

Linklaters advises IVIRMA on its €3bn sale to KKR

The US fund has signed the acquisition of the Spanish company, a world leader in infertility treatments, eleven months after the transaction was announced,...

BDO adds Legal Ops manager from KPMG

Ana Burbano joins BDO Spain from KPMG´s Legal Operations & Transformation Services (LOTS) area. She is a specialist in Legal Tech and digital transformation...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
error: