Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Santander UK plc in relation to the issue of US$1.5 billion notes under its SEC registered US shelf facility and Santander UK Group Holdings plc in relation to the issue of US$1.0 billion notes under its SEC registered US shelf facility.

The issuances, announced on 27 October 2017, comprised a tranche of US$1.2 billion 2.125% notes due 2020 and a tranche of US$300 million floating rate notes due 2020, each issued by Santander UK plc, and a tranche of US$1.0 billion 3.823% fixed rate / floating rate notes due 2028 issued by Santander UK Group Holdings plc.

Contacts

Financing: Oliver Storey (partner), Chris Armstrong (associate); Tax: Sara Luder (partner), Homyar Pahlan (associate); Financial Regulation: Thomas Mayne (associate)