trending Market Intelligence /marketintelligence/en/news-insights/trending/TzbOIS4c7M7-vBfqHZZZzQ2 content esgSubNav
In This List

Santander Bank prices tender offer for sub debt

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Santander Bank prices tender offer for sub debt

Santander Bank NA priced its cash tender offer for 8.750% subordinated notes at $1,043.91 per $1,000 principal amount of notes, plus accrued and unpaid distributions.

The notes have an outstanding principal amount of $500 million.

The pricing is based on a reference U.S. treasury security and the Oct. 18 payment date. Barclays Capital Inc. serves as the offer's dealer manager; D.F. King & Co. Inc. is tender agent and information agent.

Boston-based Santander Bank is a subsidiary of Santander Holdings USA Inc.