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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Banco Santander, S.A.    SAN   ES0113900J37

BANCO SANTANDER, S.A.

(SAN)
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Banco Santander S A : Intention to carry out the voluntary early redemption of issue of Series I/2014 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities (ISIN code XS1043535092) on the next payment date of the corresponding distribution falling

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01/09/2020 | 03:33am EST

Banco Santander, S.A. - Domicilio Social: Paseo de Pereda, 9-12. 39004 SANTANDER - R. M. de Santander, Hoja 286, Folio 64, Libro 5º de Sociedades, Inscripción 1ª. C.I.F. A-39000013

Banco Santander, S.A. ("Banco Santander" or the "Issuer"), in compliance with the Securities Market legislation, hereby communicates the following:

INSIDE INFORMATION

In connection with the issue of Series I/2014 Non-Step-UpNon-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities, with a nominal total value of one thousand five hundred million euros (EUR 1,500,000,000), with ISIN code XS1043535092 and common code 104353509, which remain outstanding and are traded on the Global Exchange Market of the Irish Stock Exchange (the "CoCos"), Banco Santander announces its intention to carry out the voluntary early redemption of all of the outstanding CoCos on the next payment date of the corresponding distribution falling on 12 March 2020.

The early redemption of all of the outstanding CoCos shall be agreed, if applicable, once the Issuer has carried out one or more new issues of additional tier 1 capital instruments for at least the same total nominal amount as the CoCos, and subject in any event to the Conditions of the Preferred Securities of the relevant prospectus of the CoCos (Offering Circular dated 6 March 2014) (the "Terms and Conditions") and the other conditions set out in the prior authorisation of the European Central Bank, which has already been obtained.

The Issuer's irrevocable decision to exercise the optional early redemption right would be communicated, if any, to the holders of the CoCos by means of a material fact announcement and other foreseen notices, in the form, within the required timeframe (i.e., from and including 12 January 2020 to and including 11 February 2020) and for the purposes set out in conditions 6 and 11 of the Terms and Conditions.

Boadilla del Monte (Madrid), 9 January 2020

Disclaimer

Banco Santander SA published this content on 09 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2020 08:32:02 UTC

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Financials (EUR)
Sales 2020 50 090 M
EBIT 2020 26 956 M
Net income 2020 7 880 M
Debt 2020 -
Yield 2020 6,92%
P/E ratio 2020 6,90x
P/E ratio 2021 6,74x
Capi. / Sales2020 1,10x
Capi. / Sales2021 1,07x
Capitalization 55 261 M
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Technical analysis trends BANCO SANTANDER, S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 4,35  €
Last Close Price 3,33  €
Spread / Highest target 54,8%
Spread / Average Target 30,7%
Spread / Lowest Target -20,8%
EPS Revisions
Managers
NameTitle
José Antonio Álvarez Álvarez Chief Executive Officer & Deputy Chairman
Ana Patricia Botín-Sanz de Sautuola O'Shea Executive Chairman
Dirk Kudwig Marzluf Chief Operating & Technical Officer
José Antonio Garcia Cantera Chief Financial Officer
Guillermo de la Dehesa Romero Director
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