Bond Santander Bank 0.701% ( US05971KAK51 ) in USD

Issuer	Santander Bank
Market price	100 % ▲
Country	Spain
ISIN code	US05971KAK51 ( in USD )
Interest rate	0.701% per year ( payment 2 times a year)
Maturity	29/06/2024 - Bond has expired
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Minimal amount	200 000 USD
Total amount	1 500 000 000 USD
Cusip	05971KAK5
Standard & Poor's ( S&P ) rating	A+ ( Upper medium grade - Investment-grade )
Moody's rating	A2 ( Upper medium grade - Investment-grade )
Detailed description	Banco Santander is a Spanish multinational banking and financial services company with significant operations in Europe, North America, and South America. A recent development in the fixed-income market concerns a bond issuance by Banco Santander, a prominent global financial institution headquartered in Spain, which has successfully reached its maturity and been fully redeemed. This particular debt instrument, identified by ISIN US05971KAK51 and CUSIP 05971KAK5, was denominated in USD, carrying a fixed interest rate of 0.701% and featuring semi-annual payment frequency. The total size of this offering amounted to USD 1,500,000,000, with a minimum purchase increment set at USD 200,000. With a stated maturity date of June 29, 2024, and observed at a market price of 100% prior to its conclusion, the obligation has completed its lifecycle, being fully repaid to investors. The issuer, Banco Santander, maintained strong investment-grade credit ratings for this issuance, with an A+ rating from Standard & Poor's and an A2 rating from Moody's.