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Status: Performing

All payments are on time

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Coupon

7.375%

Current Yield

7.0%

*
Estimated Yield to Maturity

5.8%

**
Maturity Date

Perpetual
(Expected 24 Jun 2022)

Next Interest Payment

24 Dec 2018

Interest Payment Frequency

3 months

Asset Security

Unsecured

Industry

Banks & Financials

Amount

£750,000,000

ISIN

XS1244538523

Ratings

S&P:  B+, Moody's  Baa1, Fitch  BB+

Next Call

24 Jun 2022 at 100


Business Description

Established in 1857, Banco Santander is a diverse retail and commercial bank with over 188,000 employees and 125 million customers across Western Europe, Latin America and United States. Santander UK Group Holdings, part of Banco Santander, operates primarily in the UK where it has 15 million active customers and in 2017 made £154.9bn of mortgage loans, and £27.3bn corporate loans.

Capital at risk. No FSCS cover. See Risk Statement.

 

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are investing in a Participation Note, or “Note”, which corresponds and is backed by a specific loan or bond investment made through the WiseAlpha platform reflecting the key economic terms of the investment.

WiseAlpha Technologies Limited (FRN: 751087) is authorised and regulated by the Financial Conduct Authority in the UK.
WiseAlpha Technologies Limited is a company registered in England, with its registered office at Level 39, One Canada Square, Canary Wharf, London E14 5AB (Company No. 08967521).
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