Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Abbey National Treasury Services plc in relation to the issue of US$2.5 billion Notes under its SEC Registered US Shelf Facility.
 
The issue, announced on 10 March 2014, is made up of US$1.1 billion 1.375% Fixed Rate Senior Notes due 2017, US$400 million Floating Rate Senior Notes due 2017 and US$1 billion 4.000% Fixed Rate Senior Notes due 2024.

The Notes are guaranteed by Santander UK plc. The Joint Book-Running Managers for the issue were Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBS Securities Inc. and Santander Investment Securities Inc.
 
CONTACTS

Financing: Miranda Leung (partner), Richard Mailey (associate); Financial Regulation: Jan Putnis (partner), Helen Morrison (associate); Tax: Gareth Miles (partner), Michael Ringer (associate)