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LONDON - Santander (BME:SAN) UK Group Holdings PLC announced Friday it will redeem all outstanding 1.532% Fixed Rate Resetting Notes Due 2026 on August 21, 2025.
According to a press release statement, the full redemption will be executed at 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date.
The notes were issued under an amended and restated indenture dated April 18, 2017, between Santander UK Group Holdings as issuer and Citibank, N.A. as trustee.
Holders of the notes will receive payment upon surrendering their notes for redemption either by mail or overnight courier to Citibank, N.A. in Jersey City, New Jersey.
The company stated that on the redemption date, the redemption price will become due and payable, interest on the notes will cease to accrue, and holders’ only remaining right will be to receive payment upon surrender of the notes to the paying agent.
Santander UK also noted that U.S. federal income tax law may require backup withholding of 24% on payments to holders who have failed to provide proper tax identification information.
The notes carry the CUSIP number 80281LAM7 and ISIN number US80281LAM72.
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