Banco Santander plans €1.2B, $3.8B bond redemption

Banco Santander, S.A.

Rhea-AI Filing Summary

Banco Santander, S.A. (SAN) intends to redeem and cancel in full its Export Finance Covered Bonds Series 2, with a total issue amount of EUR 1,200,000,000, and Series 3, with a total issue amount of USD 3,800,000,000, on October 19, 2026, identified as the next coupon payment date under the applicable business day convention.

The announcement separately describes the redemption and cancellation to be carried out on October 17, 2026 through early cancellation of 12,000 Series 2 bonds with a nominal value of EUR 100,000 each and 19,000 Series 3 bonds with a nominal value of USD 200,000 each. All bonds designated for early redemption and cancellation are held by Banco Santander.

Key Figures

Series 2 total issue amount: EUR 1,200,000,000 Series 3 total issue amount: USD 3,800,000,000 Series 2 bonds for early cancellation: 12,000 bonds +3 more

6 metrics

Series 2 total issue amount EUR 1,200,000,000 Export Finance Covered Bonds Series 2

Series 3 total issue amount USD 3,800,000,000 Export Finance Covered Bonds Series 3

Series 2 bonds for early cancellation 12,000 bonds Early cancellation described for October 17, 2026

Series 2 nominal value EUR 100,000 per bond Bonds designated for early cancellation

Series 3 bonds for early cancellation 19,000 bonds Early cancellation described for October 17, 2026

Series 3 nominal value USD 200,000 per bond Bonds designated for early cancellation

Key Terms

Export Finance Covered Bonds, Final Conditions, business day convention, coupon payment date

4 terms

Export Finance Covered Bonds financial

"Export Finance Covered Bonds Series 2ª"

Final Conditions regulatory

"the Final Conditions of which were registered"

business day convention financial

"in accordance with the applicable business day convention"

coupon payment date financial

"next coupon payment date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of Banco Santander (SAN)'s covered bonds does it plan to redeem?

Banco Santander intends to redeem and cancel the Series 2 issue with a total amount of EUR 1,200,000,000 and the Series 3 issue with a total amount of USD 3,800,000,000.

How many Banco Santander (SAN) covered bonds are scheduled for early cancellation?

The announcement describes early cancellation of 12,000 Series 2 bonds, each with a nominal value of EUR 100,000, and 19,000 Series 3 bonds, each with a nominal value of USD 200,000. It gives October 17, 2026 for that early cancellation, while identifying October 19, 2026 as the intended date for total redemption and cancellation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/15/2026 - 06:07 AM EDT Accepted by SEC EDGAR 10/15/2026 - 06:05 AM EDT Learn about SEC filing dates

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of October, 2026

Commission File Number: 001-12518

Banco Santander, S.A.

(Exact name of registrant as specified in its charter)

Ciudad Grupo Santander

28660 Boadilla del Monte (Madrid) Spain

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Banco Santander, S.A.

TABLE OF CONTENTS

Item
1	Report of Other Relevant Information dated October 15, 2026

Item 1

Banco Santander, S.A., in compliance with the Securities Market legislation, hereby communicates the following:

OTHER RELEVANT INFORMATION

Banco Santander, S.A. (the “Issuer”) hereby announces that, in relation to the (i) “Issuance of Banco Santander, S.A Export Finance Covered Bonds Series 2ª – October 2027” (“Emisión de Cédulas de Internacionalización Banco Santander, S.A. Serie 2ª –Octubre 2027”), with ISIN code ES0413900640, for a total amount of one thousand two hundred million euros (EUR 1,200,000,000) (“Series 2”), and (ii) “Issuance of Banco Santander, S.A Export Finance Covered Bonds Series 3ª – October 2027” (“Emisión de Cédulas de Internacionalización Banco Santander, S.A. Serie 3ª –Octubre 2027”), with ISIN code ES0413900657, for a total amount of three thousand eight hundred million dollars (USD 3,800,000,000) (“Series 3”); the Final Conditions of which were registered with the registries of the Spanish National Securities Market Commission, it intends to carry out on 19 October 2026 (next coupon payment date in accordance with the applicable business day convention) the total redemption and cancellation of the abovementioned issues. The redemption and cancellation to be carried out on 17 October 2026 will be implemented through the early cancellation of (i) for Series 2 twelve thousand (12,000) export finance covered bonds with a nominal value of one hundred thousand euros (EUR 100,000) each, and (ii) for Series 3 nineteen thousand (19,000) export finance covered bonds with a nominal value of two hundred thousand dollars (USD 200,000) each.

All the export finance covered bonds to be early redeemed and cancelled are held by the Issuer.

This is hereby reported as other relevant information for the appropriate purposes.

Boadilla del Monte (Madrid), 15 October 2026

IMPORTANT INFORMATION

Not a securities offer

This document and the information it contains does not constitute an offer to sell nor the solicitation of an offer to buy any securities. 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			Banco Santander, S.A.
Date:	October 15, 2026		By:	/s/ Pedro de Mingo Kaminouchi
				Name:	Pedro de Mingo Kaminouchi
				Title:	Head of Corporate Compliance