Santander UK in $750 million SEC-Registered Debt Offering

Cleary Gottlieb represented Santander UK in the offering of $500 million 1.650% notes due 2017 and $250 million floating rate notes due 2017 by Abbey National Treasury Services, a wholly-owned subsidiary of Santander UK. The notes are guaranteed by Santander UK. The notes include provisions to reflect the recently adopted “bail-in” power under the UK Banking Act. The offering, a takedown from Abbey National Treasury Services’ and Santander UK’s shelf registration statement, closed on September 29, 2014.

Santander UK is a major financial services provider in the UK, operating across a wide range of personal and corporate banking products and services.