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Santander to issue up to 2 bln euros in preference shares
April 18, 2017 / 6:49 AM / 5 months ago

Santander to issue up to 2 bln euros in preference shares

MADRID, April 18 (Reuters) - Spain’s Santander said on Tuesday it planned to issue preference shares convertible into ordinary shares with a nominal value of up to 2 billion euros ($2.1 billion).

The issue will be made through an accelerated book-building process to institutional investors, the bank said in a statement. ($1 = 0.9395 euros) (Reporting by Paul Day; Editing by Sonya Dowsett)

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