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March 14, 2013 at 09:10 AM EDT
Santander Announces Results of Cash Tender Offer for Santander Issuances, S.A. Unipersonal's Fixed-to-Floating Callable Subordinated Notes due 2019 (ISIN/CUSIP: US80281TAD00/80281TAD0 (144A) and USE8682YAS75/E8682YAS7 (Reg S))

MADRID, March 14, 2013 /PRNewswire/ -- Banco Santander, S.A. ("Santander") today announced the results of its cash tender offer (the "Tender Offer") for any and all of the outstanding Fixed-to-Floating Callable Subordinated Notes due 2019 issued by Santander Issuances, S.A. Unipersonal (the "Notes"). The Notes are listed on the London Stock Exchange.

$26.6 million aggregate principal amount of the Notes were validly tendered in the Tender Offer, representing approximately 10.3% of the outstanding Notes. Santander has accepted for purchase all of the Notes validly tendered and not withdrawn in respect of the Tender Offer. Santander expects settlement for the purchase of accepted Notes to occur on March 19, 2013 (the "Settlement Date").

The amount to be paid on the Settlement Date will include the consideration ($102,000 per $100,000 principal amount of the Notes) plus all accrued and unpaid interest on the Notes accepted for purchase to, but not including, the Settlement Date.

The Tender Offer, which launched on March 6, 2013 and expired at 5:00 p.m., New York City Time, on March 13, 2013, was made upon the terms and subject to the conditions set forth in the Offer to Purchase dated March 6, 2013, and this release should be read in conjunction with those documents. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Santander Investment Securities Inc. were the Dealer Managers for the Tender Offer.

For further information, please contact:


BofA Merrill Lynch      


Merrill Lynch, Pierce, Fenner & Smith Incorporated

Santander Investment Securities Inc.

214 North Tryon Street, 21st Floor

45 East 53rd Street

Charlotte, NC 28255

New York, NY 10022

Attention: Liability Management Group

Attention: Syndicate Department

Tel: 1-888-292-0070 (toll-free)


1-980-387-3907 (collect)



Leroy House

436 Essex Road


N1 3QP

United Kingdom

Tel: + 44 20 7704 0880

Fax: + 44 20 7067 9098

Attention: David Shilson / Paul Kamminga

Email: santander@lucid-is.com


SOURCE Banco Santander, S.A.

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