SAN 8.000 Perp '34 FRN

AT1

US05964HBH75

IssuerBanco Santander

Issuer LEI5493006QMFDDMYWIAM13

SeniorityAT1

Classification basisFIRDS debt seniority field

Total issued nominalUSD 1,500m

CurrencyUSD

Coupon8%

Interest typeFixed rate

Maturity datePerpetual

First trade date2024-07-30

Nominal per unitUSD 200,000

CFIDCFUQR

Reference venue (MIC)TEUR

Trading venues9

StatusActive

First seen2026-07-19

Last seen2026-08-04

Similar instruments

All AT1 instruments

Active fixed rate AT1 instruments in USD with no scheduled maturity, across the entity universe.

Peer instruments

131

Peer median coupon

6.95%

Coupon percentile

92nd

ISIN	Issuer	Instrument	Coupon	Maturity	Amount
XS2761357594	ING Group	ING GROEP N.V. U.S.$ 1,250,000,000 8.00% Perpetual Additional Tier 1 Contingent Convertible Capital Securities	8%	Perpetual	USD 1,250m
US404280DT33	HSBC	HSBC HOLDINGS PLC $2,000,000,000 8.000% Perpetual Subordinated Contingent Convertible Securities (Callable During Any Optional Redemption Period)	8%	Perpetual	USD 2,000m
US06738EBX22	Barclays	BARC 8.000 Perp '29 FRN	8%	Perpetual	USD 2,000m
US06738EBG98	Barclays	BARC 8.000 Perp '24 FRN	8%	Perpetual	USD 2,000m
US780099CK11	NatWest Group	NWG 8.0 PERP	8%	Perpetual	USD 1,150m
XS1046224884	UniCredit	UCGIM 8 PERP	8%	Perpetual	USD 1,250m

XS2761357594ING Group

US404280DT33HSBC

US06738EBX22Barclays

US06738EBG98Barclays

US780099CK11NatWest Group

XS1046224884UniCredit

Other instruments from Banco Santander

Full profile

ISIN	Instrument	Seniority	Coupon	Maturity	Amount
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XS3100756637	BANCO SANTANDER, S.A. €1,500,000,000 6.000 per cent. Non Step Up Non Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities	AT1	6%	Perpetual	EUR 1,500m
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XS2388378981BANCO SANTANDER, S.A. €1,000,000,000 3.625 per cent. Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities

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