Bond profile

Sant.fin.prefer floating rate — perpetual

SANT.FIN.PREFER/VAR BD PERP REGS · ISIN XS0202197694
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Bond terms

ISINXS0202197694
TypeCorporate
IssuerBANCO SANTANDER S.A.
Coupon typeVariable rate
MaturityPerpetual (no maturity)
CurrencyEUR
Minimum denomination1,000 EUR
SeniorityJunior (subordinated)
Amount issued174,380,000 EUR
Trading start03 July 2020
Trading venuesBorsa del Lussemburgo · Börse Düsseldorf · Börse Frankfurt · Börse Hamburg · Börse Hannover · Börse München · Börse Stuttgart · Euronext Amsterdam

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.

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