Issuance of covertible bonds

RNS Number : 2740V

Banco Santander S.A.

29 October 2010

 

MATERIAL FACT ANNOUNCEMENT

Further to the announcement made on 18 October 2010 (registry number 131685), Banco Santander announces that, today, bonds issued by Banco Santander and mandatorily exchangeable into Banco Santander Brasil shares have been subscribed for by, and disbursed to, investors from Qatar. The total amount of the issue has been set at 2,818,800,000 dollars, 2,718,800,000 of which have been subscribed by Qatar Holding.

The main features of the bonds are:

(i)      The bonds are mandatorily exchangeable for existing or newly issued, at Banco Santander's election, shares of Banco Santander Brasil that represent, approximately, 5% of Banco Santander Brasil's currently outstanding share capital.

(ii)      Maturity date: 29 October 2013.

(iii)     Exchange price: 23.75 reais per share of Banco Santander Brasil.

(iv)     Annual interest rate: 6.75%, payable in dollars.

Boadilla del Monte (Madrid), 29 October 2010.

Notice required by securities regulations in the US.

Neither the bonds nor the units of Banco Santander Brasil that may be issued in case of the bonds being exchanged have been or will be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction within the United States and, accordingly, may not be offered, sold or delivered within the United States except pursuant to an effective registration statement under the Securities Act or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws.

 

END

 

 

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