Business · Companies · 3 hrs ago
Santander faces €36.85bn in debt maturities in 2027
Santander has €36.85bn in bonds due in 2027, more than BBVA, CaixaBank and Sabadell together.
The maturities are part of €63.2bn in bonds due across the four Spanish banks next year.
When bonds mature, banks must repay them or issue new debt to replace them.
Higher interest rates have raised banks’ financing costs, and refinancing could become more expensive by 2027.
Santander says it wants to reduce its debt and plans to let some maturing bonds expire without replacing them.
Its Webster and TSB acquisitions add to the debt coming due, but the bank says it can manage the extra needs without taking on new borrowing.
The debt includes different types of bonds, and Santander’s largest categories are generally easier and cheaper to issue than its more complex debt.
Santander faces €36.85 billion in debt maturities in 2027, the largest amount it has had to handle since 2007, according to Expansión.
The amount is more than the combined maturities of BBVA, CaixaBank and Sabadell, the report says.
The four banks have a combined €63.218 billion in bonds due in 2027.
Higher interest rates and inflation point to higher refinancing costs for the sector.
Santander plans to reduce its debt and says it does not intend to change its financing plan because of its acquisitions of Webster and TSB.
- Who
- Santander, alongside BBVA, CaixaBank and Sabadell.
- What
- Santander has €36.85 billion in debt due to mature in 2027. The four banks together have €63.218 billion in bond maturities.
- When
- In 2027.
- Where
- Not stated.
- Why
- The maturities reflect debt coming due, including debt linked to Santander’s acquisitions of Webster and TSB. Higher interest rates and inflation may make refinancing more expensive.
This story does not have two clearly opposing sides.
Santander had €41 billion in debt maturities, according to the report.
Santander announced a reduction in planned debt issuance for 2026 to 2028 compared with the previous three years.
Santander is due to face €36.85 billion in debt maturities.
- Santander maturities
- €36.85 billion in 2027
- Four-bank total
- €63.218 billion in bonds due in 2027
- Santander’s 2007 maturities
- €41 billion
- Santander mortgage bonds
- €13 billion
- Santander senior preferred bonds
- €12.8 billion
- Santander non-preferred and CoCo bonds
- €10.2 billion and €750 million
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