Santander gets 4 pct acceptance in bond buyback offer
MADRID, March 14
MADRID, March 14 (Reuters) - Bondholders have agreed to buy back around 4 percent of nearly 9.4 billion euros ($12 billion) of subordinated bonds issued by Spanish bank Santander in an offer aimed at boosting the bank's solvency ratios.
The level of buybacks was in line with the bank's expectations, a Santander spokeswoman said.
The buyback prices for the euro and sterling bonds ranged from 60 to 103 percent of face value, while the bank had offered to pay 102 percent for the dollar issue.
Santander said it had received acceptance offers for 140 million euros ($181 million), 179 million pounds ($267 million)and $27 million. ($1 = 0.6700 British pounds) ($1 = 0.7722 euros) (Reporting by Sonya Dowsett; editing by Patrick Graham)
- U.S. military strike in Somalia targeted al Shabaab leader
- Marilyn Monroe sex film to be kept private |
- Actress Jennifer Lawrence contacts authorities after nude photos hacked
- Ukraine accuses Russia of 'undisguised aggression' as rebels advance |
- Florida-bound Delta flight diverted over reclining seat dispute