||Banco Santander SA | 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities (SAN.PRI)
Santander Finance is offering 7,600,000 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities (par value $25 per security), which have been registered under the Securities Act.
March 11, June 11, September 11, December 11 of each year, commencing June 11, 2004.
The new preferred securities are redeemable, at the option of Santander Finance, subject to the prior consent of the Bank of Spain, in whole, but not in part, on or after March 11, 2009, upon not less than 30 nor more than 60 days' notice prior to the relevant redemption date by mail to each record holder, at the redemption price of $25.00 per new preferred security, plus the accrued and unpaid Distribution for the then-current quarterly distribution payment period to the date fixed for redemption.
Full Prospectus PDF », SAN Page »
|Call Date:||3/11/2009 (Now Trading Post Call Date)|
|Liquidation Preference:||$25 |
|Recent Market Price:||$23.47|
|Discount to Liquidation Preference:|
(More Preferreds Trading at a Discount »)
|Pay Dates:||11-Mar, 11-Jun, 11-Sep, 11-Dec|
Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2012, Co.'s total assets amounted to Euro1,269,628,000,000 and total customer deposits amounted to Euro779,605,000,000. |
Preferreds: SOV.PRC, SAN.PRI, SAN.PRC, SAN.PRB, SAN.PRA, SAN.PRF, SAN.PRE
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