Banco Santander México To Optimise Its Capital Structure - Quick Facts

(RTTNews) - Banco Santander S.A. (BNC.L, SAN) announced its subsidiary Banco Santander (México), S.A. has announced its intention to: distribute a dividend in cash in an amount ranging between $1.0 billion and $1.3 billion; and authorize the issue of subordinated notes which shall meet the capital requirements under Basel III for Tier 2 capital, in an approximate amount of $1 billion, subject to market conditions. In turn, Grupo Financiero Santander México, the holder of 99.99% of the share capital of Banco Santander (México), has called a shareholders meeting to resolve the distribution of a dividend to its shareholders in an amount approximately equivalent to the one to be received from Banco Santander (México).

Banco Santander, S.A. intends to purchase approximately 75% of the new instruments issued by Banco Santander (México), as well as those not purchased by third parties.