Bond Factsheet
SANTAN 2.950% 30Jul2032 Corp (SGD)
Banco Santander S.A.
Indicative
Full Lot
Bid Price 98.583
Change in Bid Price
-
Bid Yield (%) 3.161 %
Change in Bid Yield
-
Ask Price 99.275
Change in Ask Price
-
Ask Yield (%) 3.033 %
Change in Ask Yield
-
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Banco Santander S.A.
Guarantor
-
Announcement Date
23 Jul 2026
Issue Date
30 Jul 2026
Maturity Date
30 Jul 2032
Years to Maturity / Next Call
5.825 / 4.822
Modified Duration
5.275 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
2.950
Coupon Type
Variable
Annual Coupon Rate
2.950
Coupon Frequency
Semi Annually
Seniority
Senior Non Preferred
Capital Structure
Senior Non Preferred
Reference Rate
Reset Date: 30 July 2031
Reset Rate: prevailing 1-year SORA-OIS + Initial Margin (0.826%)
ISIN
XS3455185093
CUSIP
DN6003608
Bond Currency
SGD
Total Issue Size
250,000,000
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
No
Exchange Listed
Others
Loss Absorption
Acknowledgement
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
Additional Note
Upon the occurrence of a TLAC/MREL Disqualification Event or a Tax Event, the Issuer has the right to redeem all, but not some only, of the Instruments at their principal amount, together with any accrued and unpaid interest, 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 (including, without limitation, in accordance with Articles 77, 78 and 78a of CRR, where applicable) in force at the relevant time. Conditions 5.02 and 5.04 of the Terms and Conditions of the Instruments apply.
Waiver of Set-off:
No Holder may at any time exercise or claim any Waived Set-Off Rights against any right, claim, or liability the Issuer has or may have or acquire against such Holder. Condition 7 of the Terms and Conditions of the Instruments applies.
Substitution & Variation:
In the event that a TLAC/MREL Disqualification Event or a Tax Event occurs, the Issuer may substitute all (but not some only) of the Instruments (as the case may be) or modify the terms of all (but not some only) of the Instruments, without any requirement for the consent or approval of the Holders, so that they are substituted for, or varied to, become, or remain, Qualifying Instruments, subject to obtaining the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and in accordance with Applicable Banking Regulations in force at the relevant time. Condition 8 of the Terms and Conditions of the Instruments applies.
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