Result of Tender Offer

RNS Number : 8487F

Banco Santander S.A.

20 January 2010

 



NOT FOR DISTRIBUTION TO ANY U.S. PERSON, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR TO ANY PERSON LOCATED OR RESIDENT IN THE REPUBLIC OF ITALY OR TO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

20 January 2010

ANNOUNCEMENT OF RESULTS OF TENDER OFFERS

On 11 January 2010 Banco Santander, S.A. (Banco Santander) invited holders of the securities set out below (the Securities) to tender any or all of the Securities for purchase by Banco Santander for cash (each such invitation an Offer and, together, the Offers).

Banco Santander announces the aggregate nominal amount of the Securities submitted in the Offer. All Securities validly submitted in the Offer were accepted for purchase.

In addition to the Purchase Price, Banco Santander will pay the aggregate Accrued Interest Payment in respect of the Securities accepted for purchase, from (and including) the immediately preceding interest payment date for such Securities to (but excluding) the Settlement Date.

The Settlement Date will be 22 January 2010.

Issuer	Securities	ISIN	Aggregate outstanding nominal amount of Securities accepted for purchase
Santander Perpetual, S.A.U.	EUR 750,000,000 4.375% Guaranteed Perpetual Step-up Subordinated Notes	XS0206920141	EUR 90,986,000
Abbey National Plc	EUR 400,000,000 7.125% Fixed to Floating Rate Perpetual Callable Subordinated Notes	XS0117974740	EUR 89,939,000
Santander Central Hispano Financial Services Ltd	GBP 200,000,000 7.25% Guaranteed Perpetual Step-up Subordinated Notes	XS0131038522	GBP 29,860,000
Abbey National Plc	GBP 325,000,000 7.5% Ten Year Step-up Perpetual Callable Subordinated Notes	XS0117972702	GBP 52,909,000
Abbey National Plc	GBP 425,000,000 7.5% Fifteen Year Step-up Perpetual Callable Subordinated Notes	XS0117972967	GBP 19,805,000
Abbey National Plc	GBP 175,000,000 7.375%  Twenty Year Step-up Perpetual Callable Subordinated Notes	XS0117973262	GBP 46,670,000
Abbey National Plc	GBP 275,000,000 7.125% Thirty Year Step-up Perpetual Callable Subordinated Notes	XS0117973429	GBP 23,229,000
Alliance & Leicester Plc	GBP 150,000,000 5.25% Step-up Subordinated Callable Notes	XS0164078791	GBP 92,508,000
Alliance & Leicester Plc	GBP 150,000,000 5.875% Subordinated Notes	XS0133956168	GBP 78,020,000
Santander Issuances, S.A.U.	GBP 800,000,000 6.5325% Callable Subordinated Lower Tier 2 Step-up Fixed to Floating Rate Instruments	XS0327310669	GBP 672,150,000
Santander Issuances, S.A.U.	GBP 300,000,000 5.375% Callable Subordinated Step-up Fixed to Floating Rate Instruments	XS0261787898	GBP 293,650,000

Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum dated 11 January 2010 (the Tender Offer Memorandum) prepared by Banco Santander in relation to the Offers.

In respect of any Security, the outstanding nominal amount means the nominal amount of the relevant Security as at the Settlement Date (i.e. following any reduction of its nominal amount by prepayments prior to such date in accordance with the terms of such Security).

For further information, please contact:

DEALER MANAGER

BofA Merrill Lynch 2 King Edward Street London EC1A 1HQ United Kingdom For information by telephone: [phone] Attention: John Cavanagh Email: [e-mail]

TAX CERTIFICATION AND TENDER AGENT

Acupay System LLC 28 Throgmorton Street,  London, EC2N 2AN For information by telephone: [phone] Attention: Nina Santa Maria Email: [e-mail] Website: www.Acupay.com/SANCashTender

Offer and Distribution Restrictions

Neither this announcement nor the Tender Offer Memorandum constitutes an invitation to participate in the Offers in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions (including, among other countries, the United States, Italy, the United Kingdom, Belgium, France and Spain)  may be restricted by law. Persons into whose possession this announcement and the Tender Offer Memorandum comes are required by each of Banco Santander, the Dealer Manager and the Tax Certification and Tender Agent to inform themselves about, and to observe, any such restrictions.

 

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