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 Santander has accepted for purchase all of the Notes validly tendered and not withdrawn in respect of the Tender Offer.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)
INFORMATION AND TENDER AGENT
LUCID ISSUER SERVICES LIMITED
436 Essex Road
Tel: + 44 20 7704 0880
Fax: + 44 20 7067 9098
Attention: David Shilson / Paul Kamminga
SOURCE Banco Santander, S.A.