Santander UK Group Holdings PLC’s £500 million Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities Offer


Slaughter and May advised Santander UK Group Holdings PLC on its issue of £500 million Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities and the purchase and cancellation of £300 million existing Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities.

The Securities issued have been fully subscribed for by Banco Santander, S.A. and have been admitted to the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and trading on the Global Exchange Market of Euronext Dublin.

The Slaughter and May team icluded Finance partner Oliver Storey (Picture), Louise Browning (associate), Bie Cookey (associate); Tax: Sara Luder (partner), Deeksha Rathi (associate).

Involved fees earner: Louise Browning – Slaughter and May; Bie Cookey – Slaughter and May; Sara Luder – Slaughter and May; Deeksha Rathi – Slaughter and May; Oliver Storey – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Santander UK plc;