NEW ISSUE ANNOUNCEDBOND COMPLEXITY : HIGH
SANTAN 30Jul2032 Corp (SGD)
Banco Santander S.A.
Price Guidance
3.100% area
Tenure
6 Year
Min. Investment (Nominal)
SGD 250,000
Credit Rating (Bond)
A
High Investment Grade
Investor Profile
Stable Income Seeker
Bond Information
Bond Issuer
Banco Santander S.A.
Guarantor
-
Annual Coupon Frequency
Semi Annually
Issue Date
29 Jul 2026
Maturity Date
29 Jul 2032
Years To Maturity
6.023
Coupon Type
Variable
Issue Size
SGD Benchmark
Seniority
Senior Non Preferred
Exchange Listed
Others
Reference Rate
Reset Date: [TBD]
Reset Rate: prevailing 1-year SORA-OIS + Initial Margin [TBD]
Bond Currency
SGD
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
*** / A+
Bond Credit Rating (S&P/ Fitch)
*** / A
Shariah Compliant
No
W-8BEN Declaration needed 
No
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Note

For Institutional investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore (the “SFA”)) pursuant to Section 274 of the SFA or an accredited investor (as defined in Section 4A of the SFA) pursuant to and in accordance with the conditions specified in Section 275 of the SFA and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018.

Bond Feature(s)
Bail-in

Acknowledgement

Notwithstanding any other term of the Instruments or any other agreement, arrangement or understanding between the Issuer and the Holders, by its subscription and/or purchase and holding of the Instruments, each Holder (which for the purposes of this Condition 21 includes each holder of a beneficial interest in the Instruments) acknowledges, accepts, consents to and agrees:

(i) to be bound by the effect of the exercise of the Bail-in Power by the Relevant Resolution Authority, which may include and result in any of the following, or some combination thereof:

• the reduction of all, or a portion, of the Amounts Due on a permanent basis;

• the conversion of all, or a portion, of the Amounts Due into shares, other securities or other obligations of the Issuer or another person (and the issue to the Holder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Instruments, in which case the Holder agrees to accept in lieu of its rights under the Instruments any such shares, other securities or other obligations of the Issuer or another person;

• the cancellation of the Instruments or Amounts Due;

• the amendment or alteration of the maturity of the Instruments or amendment of the Interest Amount payable on the Instruments, or the date on which the interest becomes payable, including by suspending payment for a temporary period; and

(ii) that the terms of the Instruments are subject to, and may be varied, if necessary, to give effect to, the exercise of the Bail-in Power by the Relevant Resolution Authority.
30 July 2031 one-time call option, at par, in whole and not in part, at the Issuer’s discretion subject to the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and may only take place in accordance with Applicable Banking Regulations in force at the relevant time. Condition 5.07 of the Terms and Conditions of the Instruments applies.
Early Redemption

Upon the occurrence of a TLAC/MREL Disqualification Event or a Tax Event, the Issuer has the right to redeem all, but not some only, of the Instruments at their principal amount, together with any accrued and unpaid interest, subject to the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and may only take place in accordance with Applicable Banking Regulations (including, without limitation, in accordance with Articles 77, 78 and 78a of CRR, where applicable) in force at the relevant time. Conditions 5.02 and 5.04 of the Terms and Conditions of the Instruments apply.

Waiver of Set-off:

No Holder may at any time exercise or claim any Waived Set-Off Rights against any right, claim, or liability the Issuer has or may have or acquire against such Holder. Condition 7 of the Terms and Conditions of the Instruments applies.

Substitution & Variation:

In the event that a TLAC/MREL Disqualification Event or a Tax Event occurs, the Issuer may substitute all (but not some only) of the Instruments (as the case may be) or modify the terms of all (but not some only) of the Instruments, without any requirement for the consent or approval of the Holders, so that they are substituted for, or varied to, become, or remain, Qualifying Instruments, subject to obtaining the prior consent of the Regulator and/or the Relevant Resolution Authority if and as required therefor under Applicable Banking Regulations and in accordance with Applicable Banking Regulations in force at the relevant time. Condition 8 of the Terms and Conditions of the Instruments applies.
Related Documents
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Prospectus
Programme for the issuance of Debt Instruments. Base Prospectus dated 12 March 2026.
FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.
  3. All orders submitted will be an indication of interest (IOI).

Closing Date: 23 Jul 2026 7:30:00 AM
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