Banco Santander $3.5 billion senior non-preferred notes offering
We advised Banco Santander on its offering of fixed-rate notes
Davis Polk advised Banco Santander, S.A. in connection with its SEC-registered offering of $3.5 billion aggregate principal amount of 5.147% senior non-preferred fixed-rate notes due 2025 and 5.294% senior non-preferred fixed-rate notes due 2027.
Headquartered in Madrid, Banco Santander is a leading financial institution by market capitalization in the eurozone and operates globally through a network of subsidiaries across Spain, the United Kingdom, the United States and Brazil, as well as other European and Latin American countries.
The Davis Polk corporate team included partner Pedro J. Bermeo and associates Jose Lucena-Rebollo and Fatima Carrillo. The tax team included counsel Alon Gurfinkel and associate Kelli A. Rivers. Associate Leon E. Salkin provided 1940 Act advice. Members of the Davis Polk team are based in the New York, Madrid and London offices.