Linklaters Advises Underwriters on Banco Santander’s $1.5 Billion Additional Tier 1 Securities Issuance

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Rachel Baum
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+1 212 9039123
rachel.baum@linklaters.com

Linklaters advised the underwriters on Banco Santander, S.A.’s issuance of $1.5 billion aggregate liquidation preference of 7.250% non-step-up, non-cumulative contingent convertible perpetual preferred Additional Tier 1 securities. 

The Linklaters team was led out of New York and Madrid by Capital Markets Partners Jeffrey Cohen and Jorge Alegre, and Associates Rachel Silberstein, Marina Edwards, Pablo Ruiz de Assin, Cristina Yanguas, and Ignacio Gallastegui. Tax support was provided by Partner Gabriel Grossman and Associate Bernard Yi in New York.