Banco Santander details $3.65B note issuances
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Form Type
6-K
Rhea-AI Filing Summary
Banco Santander, S.A. reports the issuance of $400,000,000 Senior Non Preferred Floating Rate Notes due 2029, $1,000,000,000 4.600% Senior Non Preferred Fixed Rate Notes due 2029, $1,250,000,000 4.867% Senior Non Preferred Fixed Rate Notes due 2031, and $1,000,000,000 5.437% Senior Non Preferred Fixed Rate Notes due 2036. The company is furnishing this report to incorporate the related underwriting agreement, senior non preferred debt securities indenture, supplemental indenture, global note forms, and legal opinions into its existing Registration Statement on Form F-3.
Key Figures
Floating Rate Notes 2029: $400,000,000
4.600% Notes 2029: $1,000,000,000
4.867% Notes 2031: $1,250,000,000
+3 more
6 metrics
Floating Rate Notes 2029
$400,000,000
Senior Non Preferred Floating Rate Notes due 2029
4.600% Notes 2029
$1,000,000,000
4.600% Senior Non Preferred Fixed Rate Notes due 2029
4.867% Notes 2031
$1,250,000,000
4.867% Senior Non Preferred Fixed Rate Notes due 2031
5.437% Notes 2036
$1,000,000,000
5.437% Senior Non Preferred Fixed Rate Notes due 2036
Underwriting Agreement Date
April 8, 2026
Date of underwriting agreement for the note issuance
Indenture Date
April 15, 2026
Senior Non Preferred Debt Securities Indenture date
Key Terms
Senior Non Preferred, Floating Rate Notes, Indenture, First Supplemental Indenture, +2 more
6 terms
Senior Non Preferred financial
"aggregate principal amount of Senior Non Preferred Floating Rate Notes due 2029"
Floating Rate Notes financial
"Senior Non Preferred Floating Rate Notes due 2029"
Floating rate notes are debt securities that pay interest that adjusts periodically based on a short-term interest benchmark (for example, LIBOR or SOFR), so the cash interest you receive goes up or down with market rates. For investors they act like an adjustable-rate loan: they help protect income when overall interest rates rise and generally lose less value than fixed-rate bonds when rates move, making them useful for managing interest-rate risk.
Indenture financial
"Senior Non Preferred Debt Securities Indenture, dated as of April 15, 2026"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
First Supplemental Indenture financial
"First Supplemental Indenture, dated as of April 15, 2026"
Registration Statement on Form F-3 regulatory
"solely 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.
Global Note financial
"Form of Global Note for the Senior Non Preferred Floating Rate Notes due 2029"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What debt securities did Banco Santander (SAN) issue in this 6-K?
Banco Santander issued four series of senior non preferred notes: $400,000,000 floating rate notes due 2029, $1,000,000,000 4.600% notes due 2029, $1,250,000,000 4.867% notes due 2031, and $1,000,000,000 5.437% notes due 2036.
What is the main purpose of Banco Santander’s April 2026 Form 6-K?
The Form 6-K is used to file transaction documents for new senior non preferred notes, solely for incorporation into Banco Santander’s existing Registration Statement on Form F-3, rather than to provide earnings or operational updates.
Which key agreements are included with Banco Santander (SAN)’s new notes?
The filing includes an underwriting agreement dated April 8, 2026, a Senior Non Preferred Debt Securities Indenture dated April 15, 2026, and a First Supplemental Indenture, along with the forms of global notes for each series.
Who acts as trustee for Banco Santander’s new senior non preferred notes?
The Bank of New York Mellon, London Branch serves as trustee under the Senior Non Preferred Debt Securities Indenture and also acts as calculation agent and principal paying agent under the First Supplemental Indenture for these notes.
What legal opinions support Banco Santander (SAN)’s senior non preferred notes?
Legal opinions are provided by Uría Menéndez and Davis Polk & Wardwell LLP, with their related consents included in the filing. These opinions typically address the validity and enforceability of the issued notes under applicable law.
How does this 6-K relate to Banco Santander’s Form F-3 shelf registration?
The 6-K specifies that the exhibits, including indentures, global note forms, and legal opinions, are filed solely for incorporation into Banco Santander’s existing Form F-3 shelf registration, supporting future disclosure around these note issuances.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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