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Published on 10/9/2018 in the Prospect News Liability Management Daily.

Santander UK calls £350 million subordinated step-up notes due 2023

By Susanna Moon

Chicago, Oct. 9 – Santander UK plc plans to redeem its £350 million subordinated callable step-up notes due 2023 at par on Oct. 30.

The notes were called after the issuer obtained approval from the Prudential Regulation Authority, according to a notice.

The issuing and principal paying agent is Citibank NA. The trustee is Bank of New York Mellon.

The financial services company is based in London.


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