Bond profile

PAS floating rate — perpetual

PAS/VAR OB SUBD PERP · ISIN ES0213770011
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Bond terms

ISINES0213770011
TypeCorporate
IssuerBANCO SANTANDER S.A.
Coupon typeVariable rate
MaturityPerpetual (no maturity)
CurrencyEUR
Minimum denomination100,000 EUR
SeniorityJunior (subordinated)
Amount issued12,400,000 EUR
Trading start03 June 2020

Perpetual bond: it has no redemption date. The issuer can usually call it at pre-set dates; coupons can run indefinitely. Typically subordinated — for informed investors.

For this bond, yield to maturity can’t be computed in advance, because future coupons depend on the index: the calculator shows the coupon structure and the bond’s data, pre-filled.
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Taxation in Italy

For individuals resident in Italy, interest on corporate bonds is taxed at a substitute rate of 26%. Indicative rate: this is not tax advice.

Objective data from the official EU register (FIRDS/ESMA), refreshed weekly and automatically cross-checked. This page shows no market prices and is not an investment recommendation.

We care about accuracy: if you spot an anomaly on this page, let us know at hello@rebalix.eu — we’ll check it against the source.