Bond Santander Britain 4% ( US80283LAJ26 ) in USD

Issuer Santander Britain
Market price 100 %  ▲ 
Country  United Kingdom
ISIN code  US80283LAJ26 ( in USD )
Interest rate 4% per year ( payment 2 times a year)
Maturity 13/03/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 1 000 000 000 USD
Cusip 80283LAJ2
Standard & Poor's ( S&P ) rating A ( Upper medium grade - Investment-grade )
Moody's rating A1 ( Upper medium grade - Investment-grade )
Detailed description Santander UK is a major retail and commercial bank operating in the United Kingdom, offering a range of financial products and services to personal and business customers.

A recent and notable event in the fixed-income market involved the maturation and full repayment of a bond issued by Santander UK, a significant financial institution. This obligation, identifiable by ISIN US80283LAJ26 and CUSIP 80283LAJ2, reached its scheduled maturity date on March 13, 2024, at which point it was fully redeemed, thereby underscoring the issuer's consistent commitment to meeting its financial obligations. Santander UK, operating from the United Kingdom, stands as a major retail and commercial bank and is a wholly-owned subsidiary of the global banking giant Banco Santander, a Spanish multinational financial services company. Its substantial presence in the UK banking sector, serving millions of customers, solidifies its position as a key player in the nation's financial infrastructure and attests to the robust backing from its globally recognized parent entity. At the time of its repayment, the bond's market price was observed at 100% of its par value. Denominated in US Dollars, this particular security carried an annual interest rate of 4%, with interest payments distributed semi-annually, reflecting a payment frequency of two times per year. The total value of this specific issue was substantial, amounting to 1,000,000,000 US Dollars, with a minimum purchase increment set at 1,000 US Dollars, allowing for participation by various investor types. Furthermore, the bond was affirmed with strong investment-grade credit ratings from leading agencies: an 'A' rating from Standard & Poor's (S&P) and an 'A1' rating from Moody's, indicative of Santander UK's solid creditworthiness and its robust capacity to honor its financial commitments. The successful maturity and punctual repayment of this bond further reinforce Santander UK's established reputation as a reliable and financially sound entity within the global debt market.