Santander 6.444% 2034 Tier 2 subordinated fixed-to-floating bond (AU3CB0311298)
An AUD Tier 2 subordinated fixed-to-floating bond issued by Banco Santander SA, paying 6.444% semi-annual, maturing 2034-07-17, callable by the issuer from 2029-07-17; about AUD 300m outstanding.
| Issuer | Banco Santander SA |
| ISIN | AU3CB0311298 |
| Type | Fixed, then floating |
| Ranking | Tier 2 subordinated |
| Coupon | 6.444% |
| Coupon frequency | Semiannually |
| Currency | AUD |
| Issue date | 2024-07-17 |
| Maturity | 2034-07-17 |
| First call | 2029-07-17 |
| Amount outstanding | AUD 300m |
| Minimum investment | 200,000 AUD |
Questions
- Who can buy this bond?
- Through Candour Capital, wholesale and professional investors only (for example with an accountant's s708 certificate).
- What is the minimum investment?
- 200,000 AUD, then in the denominations the terms set.
- How is it bought and held?
- Through a Candour Capital adviser; it settles in Austraclear and is held in your custody or platform account.
- Where are the price and yield?
- Live reference prices and yields are in the Candour app for signed-in users and change with the market.
Other bonds from this issuer
- Santander 2031 senior unsecured floating rate note (XS2410104819)
- Santander 6.499% 2031 senior non-preferred fixed rate bond (AU3CB0306140)
- Santander 2035 Tier 2 subordinated floating rate note (AU3FN0096376)
- Santander 5.218% 2031 senior unsecured fixed rate bond (AU3CB0330405)
- Santander 2031 senior unsecured floating rate note (XS2407023717)
- Santander 5.796% 2029 senior unsecured fixed rate bond (AU3CB0306132)
- Santander 5.8% 2035 Tier 2 subordinated fixed-to-floating bond (AU3CB0319184)
- Santander 5.678% 2028 senior unsecured fixed rate bond (AU3CB0297596)
Rate context
About 2.7 years to first call; the Australian government yield at that term is about 4.91% (RBA, 2026-10-14). Australian rates and credit
Prices, yields and ratings are in the Candour app for signed-in users.
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