POST-TRANSACTION PAYMENT ENABLEDBOND COMPLEXITY : HIGHISIN: XS3455185093
SANTAN 2.950% 30Jul2032 Corp (SGD)
BANCO SANTANDER S.A.
Indicative Bid Price
99.908
Bid Yield to Maturity
2.862%
Bid Yield to Call
2.970%
Min. Investment (Nominal)
250000
Indicative Ask Price
100.025
Ask Yield to Maturity
2.841%
Ask Yield to Call
2.945%
Next Call Date
29 Jul 2031
Credit Rating (Bond)
A
High Investment Grade
Seniority
Senior Non Preferred
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to CallAsk Yield to CallBid Yield to MaturityAsk Yield to Maturity23. Jul24. Jul25. Jul26. Jul27. Jul01234FSM Global
Bond Information
Banco Santander S.A. attracts deposits and offers retail, commercial and private banking, and asset management services. The Bank offers consumer credit, mortgage loans, lease financing, factoring, mutual funds, pension funds, insurance, commercial credit, investment banking services, structured finance, and advice on mergers and acquisitions.
Bond Issuer
Banco Santander S.A.
Guarantor
-
Announcement Date
22 Jul 2026
Issue Date
29 Jul 2026
Maturity Date / Next Call Date
29 Jul 2032 / 29 Jul 2031
Years to Maturity / Next Call
6.007 / 5.005
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
2.950
Coupon Type
Variable
Annual Coupon Rate (%)
2.95
Annual Coupon Frequency
Semi Annually
Seniority
Senior Non Preferred
Exchange Listed
Others
Reference Rate
Reset Date: 30 July 2031
Reset Rate: prevailing 1-year SORA-OIS + Initial Margin (0.826%)
ISIN
XS3455185093
CUSIP
DN6003608
Bond Currency
SGD
Total Issue Size
SGD 250,000,000
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/A+
Bond Credit Rating (S&P/ Fitch)
***/A
Shariah Compliant
No
W-8BEN Declaration needed 
No
Bond Feature(s)
Bail-in

Acknowledgement

Notwithstanding any other term of the Instruments or any other agreement, arrangement or understanding between the Issuer and the Holders, by its subscription and/or purchase and holding of the Instruments, each Holder (which for the purposes of this Condition 21 includes each holder of a beneficial interest in the Instruments) acknowledges, accepts, consents to and agrees:

(i) to be bound by the effect of the exercise of the Bail-in Power by the Relevant Resolution Authority, which may include and result in any of the following, or some combination thereof:

• the reduction of all, or a portion, of the Amounts Due on a permanent basis;

• the conversion of all, or a portion, of the Amounts Due into shares, other securities or other obligations of the Issuer or another person (and the issue to the Holder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Instruments, in which case the Holder agrees to accept in lieu of its rights under the Instruments any such shares, other securities or other obligations of the Issuer or another person;

• the cancellation of the Instruments or Amounts Due;

• the amendment or alteration of the maturity of the Instruments or amendment of the Interest Amount payable on the Instruments, or the date on which the interest becomes payable, including by suspending payment for a temporary period; and

(ii) that the terms of the Instruments are subject to, and may be varied, if necessary, to give effect to, the exercise of the Bail-in Power by the Relevant Resolution Authority.
30 July 2031 one-time call option, at par, in whole and not in part, at the Issuer’s discretion subject to the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and may only take place in accordance with Applicable Banking Regulations in force at the relevant time. Condition 5.07 of the Terms and Conditions of the Instruments applies.
Early Redemption

Upon the occurrence of a TLAC/MREL Disqualification Event or a Tax Event, the Issuer has the right to redeem all, but not some only, of the Instruments at their principal amount, together with any accrued and unpaid interest, subject to the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and may only take place in accordance with Applicable Banking Regulations (including, without limitation, in accordance with Articles 77, 78 and 78a of CRR, where applicable) in force at the relevant time. Conditions 5.02 and 5.04 of the Terms and Conditions of the Instruments apply.

Waiver of Set-off:

No Holder may at any time exercise or claim any Waived Set-Off Rights against any right, claim, or liability the Issuer has or may have or acquire against such Holder. Condition 7 of the Terms and Conditions of the Instruments applies.

Substitution & Variation:

In the event that a TLAC/MREL Disqualification Event or a Tax Event occurs, the Issuer may substitute all (but not some only) of the Instruments (as the case may be) or modify the terms of all (but not some only) of the Instruments, without any requirement for the consent or approval of the Holders, so that they are substituted for, or varied to, become, or remain, Qualifying Instruments, subject to obtaining the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and in accordance with Applicable Banking Regulations in force at the relevant time. Condition 8 of the Terms and Conditions of the Instruments applies.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (MATURITY)
27 Jul 202699.908100.0252.9452.841
26 Jul 202699.908100.0252.9452.845
23 Jul 202699.917100.0172.9462.846
22 Jul 2026100.000100.0002.950
Total of 4 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Prospectus
Programme for the issuance of Debt Instruments. Base Prospectus dated 12 March 2026.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
SANTAN 4.800% 19Jul2027 Corp (AUD)

Banco Santander S.A.

 18 Jul 2027 99.724 5.093% p.a. ***/A
TRANSACT
SANTAN 5.800% 06Mar2035 Corp (AUD)

Banco Santander S.A.

 05 Mar 2030
(Next Call Date)		 98.995 6.113% p.a. ***/BBB+
TRANSACT
SANTAN 3.600% 23Oct2030 Corp (SGD)

Banco Santander S.A.

 22 Oct 2029
(Next Call Date)		 103.350 2.510% p.a. ***/A
TRANSACT
SANTAN 2.350% 13Nov2031 Corp (SGD)

Banco Santander S.A.

 12 Nov 2030
(Next Call Date)		 98.650 2.608% p.a. ***/A
TRANSACT
Total of 4 entries
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
SGD 251,258.72
Years to Call
4 years 11+ months
Est. Total Income
SGD 36,875.00
Yield to Call
2.643%
Indicative Cash Flow
Nominal Value
SGD 250,000.00
  • 2031
    Jul
    Coupon
    SGD 3,687.50
    Early Redemption
    SGD 250,000.00
  • Jan
    Coupon
    SGD 3,687.50
  • 2030
    Jul
    Coupon
    SGD 3,687.50
  • Jan
    Coupon
    SGD 3,687.50
  • 2029
    Jul
    Coupon
    SGD 3,687.50
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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