Santander US Issues Inaugural $500MM Sustainability Notes Under Newly Released Sustainability Funding Global Framework

Santander Holdings USA, Inc. announced its first sustainable bond offering earlier this month. The four-year senior notes, which are callable in three years, pay interest semi-annually at a fixed rate of 5.807% for the first three years, and if not called, quarterly at a floating rate thereafter until maturity. The offering represents the second transaction in which Santander enlisted minority-, women-, and veteran-owned firms as co-managers, including Multi-Bank Securities, Inc. Full Story