Bond Santander Bank 3.225% ( US05971KAL35 ) in USD

Issuer	Santander Bank
Market price	91.784 % ▲
Country	Spain
ISIN code	US05971KAL35 ( in USD )
Interest rate	3.225% per year ( payment 2 times a year)
Maturity	22/11/2032
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Minimal amount	200 000 USD
Total amount	1 000 000 000 USD
Cusip	05971KAL3
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Next Coupon	22/05/2026 ( In 162 days )
Detailed description	Banco Santander is a Spanish multinational banking and financial services company with significant operations in Europe, North America, and South America. An analysis of a specific fixed-income instrument reveals the US05971KAL35 bond, also identified by its CUSIP 05971KAL3, is a debt security issued by Banco Santander, a prominent global financial institution headquartered in Spain and recognized for its extensive retail and commercial banking operations worldwide, representing a total issue size of USD 1,000,000,000, available for purchase in minimum denominations of USD 200,000, which carries a coupon interest rate of 3.225%, with payments distributed semi-annually, and is scheduled to mature on November 22, 2032, currently trading in the market at 89.777% of its face value in USD, while maintaining investment-grade credit ratings of BBB+ from Standard & Poor's and Baa2 from Moody's.