We advised Banco Santander on its offering of fixed-rate and fixed-to-fixed-rate notes

Davis Polk advised Banco Santander, S.A. in connection with its SEC-registered offering of $1.25 billion aggregate principal amount of 3.496% senior preferred fixed-rate notes due 2025 and $1.5 billion aggregate principal amount of 4.175% senior non-preferred fixed-to-fixed-rate notes due 2028.

Headquartered in Madrid, Banco Santander is a leading financial institution by market capitalization in the eurozone and operates globally through a network of subsidiaries across Spain, the United Kingdom, the United States and Brazil, as well as other European and Latin American countries.

The Davis Polk corporate team included partner Pedro J. Bermeo and associate José Lucena-Rebollo. The tax team included counsel Alon Gurfinkel and associate Kelli A. Rivers. Counsel Sarah E. Kim provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Madrid offices.