We advised Banco Santander on the offering

Davis Polk advised Banco Santander, S.A. in connection with its SEC-registered offering of $400 million aggregate principal amount of senior non-preferred floating-rate notes due 2029, $1 billion aggregate principal amount of 4.600% senior non-preferred fixed-rate notes due 2029, $1.25 billion aggregate principal amount of 4.867% senior non-preferred fixed-rate notes due 2031 and $1 billion aggregate principal amount of 5.437% senior non-preferred fixed-rate notes due 2036.

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 associates Jose Lucena-Rebollo, Matt Weaver and Julian Armando Galaz Martinez. The tax team included associate Kelli A. Rivers. Counsel Matthew R. Silver provided 1940 Act advice. Members of the Davis Polk team are based in the New York, Madrid, São Paulo and London offices.

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