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Why Is Banco Santander Targeting A$550m Senior Notes Solely at Professionals?

9:04pm on Friday 16th of January, 2026 AEDT Financials
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Why Is Banco Santander Targeting A$550m Senior Notes Solely at Professionals?

9:04pm on Friday 16th of January, 2026 AEDT
Key Points
  • A$550 million fixed rate senior notes issued due 2031
  • Targeted solely at professional and eligible counterparties under MiFID II
  • Notes not available to retail investors in EEA and UK due to PRIIPs restrictions
  • Syndicated by major banks including Commonwealth Bank and NAB
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