Banco Santander issues $2B notes at 5.005%–5.624%
Banco Santander, S.A.
Rhea-AI Filing Summary
Banco Santander, S.A. (SAN) reports that, in connection with the issuance of two series of senior non-preferred notes, it is furnishing contractual and legal documents for incorporation into its Registration Statement on Form F-3 (File No. 333-293987).
The notes consist of $1,000,000,000 5.005% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2030 and $1,000,000,000 5.624% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2034. Related exhibits include the underwriting agreement, a second supplemental indenture with The Bank of New York Mellon entities, forms of global notes, and legal opinions and consents from Uría Menéndez and Davis Polk & Wardwell LLP.
Positive
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Key Figures
Aggregate principal amount, 2030 notes: $1,000,000,000
Aggregate principal amount, 2034 notes: $1,000,000,000
Coupon rate, 2030 notes: 5.005%
+4 more
7 metrics
Aggregate principal amount, 2030 notes
$1,000,000,000
5.005% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2030
Aggregate principal amount, 2034 notes
$1,000,000,000
5.624% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2034
Coupon rate, 2030 notes
5.005%
Senior Non Preferred Fixed-to-Fixed Rate Notes due 2030
Coupon rate, 2034 notes
5.624%
Senior Non Preferred Fixed-to-Fixed Rate Notes due 2034
Registration Statement file number
333-293987
Form F-3 registration statement incorporating these exhibits
Date of Second Supplemental Indenture
August 25, 2026
Second Supplemental Indenture among Banco Santander and The Bank of New York Mellon entities
Underwriting Agreement date
August 18, 2026
Underwriting Agreement for the senior non-preferred notes
Key Terms
Senior Non Preferred, Fixed-to-Fixed Rate Notes, Supplemental Indenture, Global Note, +1 more
5 terms
Senior Non Preferred financial
"5.005% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2030"
Fixed-to-Fixed Rate Notes financial
"5.624% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2034"
Supplemental Indenture financial
"Second Supplemental Indenture, dated as of August 25, 2026"
A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.
Global Note financial
"Form of Global Note for the 5.005% Senior Non Preferred"
Registration Statement on Form F-3 regulatory
"for incorporation into the Registration Statement on Form F-3"
A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.
FAQ
What securities linked to SAN are described in this Form 6-K?
The report relates to $1,000,000,000 of 5.005% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2030 and $1,000,000,000 of 5.624% Senior Non Preferred Fixed-to-Fixed Rate Notes due 2034, both issued by Banco Santander, S.A.
What is the purpose of Banco Santander, S.A. (SAN) filing this 6-K?
The 6-K furnishes an underwriting agreement, a second supplemental indenture, forms of global notes, and legal opinions so they are incorporated by reference into Banco Santander’s Form F-3 registration statement (File No. 333-293987).
What are the interest rates on Banco Santander’s new senior non-preferred notes?
Banco Santander issued senior non-preferred notes with fixed coupons of 5.005% for the series due 2030 and 5.624% for the series due 2034, each on an aggregate principal amount of $1,000,000,000.
Which entities act as trustee and agents for Banco Santander’s new notes?
The second supplemental indenture names The Bank of New York Mellon, London Branch as Trustee, Calculation Agent and Principal Paying Agent, and The Bank of New York Mellon SA/NV, Luxembourg Branch as Registrar for the senior non-preferred debt securities.
Which law firms provided opinions for Banco Santander’s note issuance?
Uría Menéndez and Davis Polk & Wardwell LLP provided legal opinions, with their related consents included by reference as exhibits to support the incorporation of these documents into the Form F-3 registration statement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
