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CORRECTED-Santander to issue up to 2 bln euros in perpetual bonds
April 18, 2017 / 1:04 PM / 5 months ago

CORRECTED-Santander to issue up to 2 bln euros in perpetual bonds

(Corrects to show issue is perpetual bond not preference shares)

MADRID, April 18 (Reuters) - Spain’s Santander said on Tuesday it planned to issue perpetual bonds, 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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