We advised Banco Santander on its tender offer for contingent convertible perpetual notes

Davis Polk advised Banco Santander, S.A. in connection with the tender offer for up to €1.5 billion aggregate nominal amount of its 4.75% non-step-up non-cumulative contingent convertible perpetual preferred Additional Tier 1 (AT1) securities. 

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 Marcos Sauquet Trías. Members of the Davis Polk team are based in the New York and Madrid offices.

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