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News Oct 09, 2018

Banco Santander (México)’s Sale of US$1.3 Billion in Debt Securities and Concurrent Tender Offer

Shearman & Sterling represented Goldman Sachs & Co. LLC and Santander Investment Securities Inc. as initial purchasers in connection with the offering by Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México of US$1.3 billion of its 5.950% Tier 2 Subordinated Preferred Capital Notes due 2028.  The offering was launched concurrently with the commencement of Banco Santander (México)’s offer to purchase for cash any and all of its outstanding 5.95% Tier 2 Subordinated Capital Notes due 2024, in which Shearman & Sterling represented Goldman Sachs & Co. LLC and Santander Investment Securities Inc. as dealer managers.