SANTAN 3.600% 23Oct2030 Corp (SGD)

Bond Factsheet

Banco Santander S.A.

Indicative

Full Lot

Bid Price

101.483

Change in Bid Price

0.016

Bid Yield (%)

2.964 %

Change in Bid Yield

remove 0.004

Ask Price

101.883

Change in Ask Price

remove 0.017

Ask Yield (%)

2.869 %

Change in Ask Yield

0.004

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

Banco Santander S.A. attracts deposits and offers retail, commercial and private banking, and asset management services. The Bank offers consumer credit, mortgage loans, lease financing, factoring, mutual funds, pension funds, insurance, commercial credit, investment banking services, structured finance, and advice on mergers and acquisitions.

Bond Issuer

Banco Santander S.A.

Guarantor

Announcement Date

16 Oct 2024

Issue Date

23 Oct 2024

Maturity Date

23 Oct 2030

Years to Maturity / Next Call

4.051 / 3.051

Modified Duration

3.692 @ 02 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.600

Coupon Type

Variable

Annual Coupon Rate

3.600

Coupon Frequency

Semi Annually

Seniority

Senior Non Preferred

Capital Structure

Senior Non Preferred

Reference Rate

Reset Date: 23 October 2029
Reset Rate: prevailing 1-year SORA-OIS + Initial Margin (1.106%)

ISIN

XS2922061606

CUSIP

YU5595217

Bond Currency

SGD

Total Issue Size

300,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ A

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Bail-in

Bail-in Acknowledgement

21.01 Notwithstanding any other term of the Instruments or any other agreement, arrangement or understanding between the Issuer and the Holders, by its subscription and/or purchase and holding of the Instruments, each Holder (which for the purposes of this Condition 21 includes each holder of a beneficial interest in the Instruments) acknowledges, accepts, consents to and agrees:

(i) to be bound by the effect of the exercise of the Bail-in Power by the Relevant Resolution Authority, which may include and result in any of the following, or some combination thereof:
− the reduction of all, or a portion, of the Amounts Due on a permanent basis;
− the conversion of all, or a portion, of the Amounts Due into shares, other securities or other obligations of the Issuer or another person (and the issue to the Holder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Instruments, in which case the Holder agrees to accept in lieu of its rights under the Instruments any such shares, other securities or other obligations of the Issuer or another person;
− the cancellation of the Instruments or Amounts Due;
− the amendment or alteration of the maturity of the Instruments or amendment of the Interest Amount payable on the Instruments, or the date on which the interest becomes payable, including by suspending payment for a temporary period; and

(ii) that the terms of the Instruments are subject to, and may be varied, if necessary, to give effect to, the exercise of the Bail-in Power by the Relevant Resolution Authority.

Issuer Call

Optional Redemption Date: 23 October 2029 one-time call option, at par, in whole and not in part, at the Issuer’s discretion subject to the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and may only take place in accordance with Applicable Banking Regulations in force at the relevant time. Condition 5.07 of the Terms and Conditions of the Instruments applies.

Additional Note

Early Redemption due to TLAC/MREL Disqualification Event

5.04 If, in the case of (i) Senior Non Preferred Instruments (always) and (ii) Ordinary Senior Instruments and Subordinated Instruments where the TLAC/MREL Disqualification Event has been specified as applicable in the relevant Final Terms only, a TLAC/MREL Disqualification Event has occurred and is continuing, then the Issuer may, at its option and having given not less than 15 nor more than 30 calendar days’ notice (or such lesser period as may be specified in the relevant Final Terms) to the Registrar (in the case of Registered Instruments), the Issue and Paying Agent and, in accordance with Condition 15, the Holders of the relevant Instruments (as applicable) (which notice shall be irrevocable and shall specify the date for redemption), elect to redeem in accordance with these Conditions all, but not some only, of the relevant Instruments (as applicable). Upon the expiry of such notice, the Issuer shall redeem the relevant Instruments (as applicable).

Instruments redeemed pursuant to this Condition 5.04 will be redeemed at their early redemption amount (the “Early Redemption Amount (TLAC/MREL Disqualification Event)”) (which shall be their principal amount or such other Early Redemption Amount (TLAC/MREL Disqualification Event) as may be specified in or determined in accordance with the relevant Final Terms) together (if appropriate) with interest accrued to (but excluding) the date of redemption.

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Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data