Candour Capital

Santander 2035 Tier 2 subordinated floating rate note (AU3FN0096376)

By Allen Lin, Candour Capital

An AUD Tier 2 subordinated floating rate bond issued by Banco Santander SA, paying BBSW + 1.92% quarterly, maturing 2035-03-06, callable by the issuer from 2030-03-06; about AUD 350m outstanding.

IssuerBanco Santander SA
ISINAU3FN0096376
TypeFloating rate
RankingTier 2 subordinated
CouponBBSW + 1.92%
Coupon frequencyQuarterly
CurrencyAUD
Issue date2025-03-06
Maturity2035-03-06
First call2030-03-06
Amount outstandingAUD 350m
Minimum investment200,000 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

Rate context

About 3.4 years to first call; the Australian government yield at that term is about 4.92% (RBA, 2026-10-14). Australian rates and credit

Prices, yields and ratings are in the Candour app for signed-in users.

Sign in for the live price