MADRID, March 14 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)