Banco Santander, S.A. files 6-K

Banco Santander is launching a tender offer to repurchase up to $850,000,000 of its 4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities. The offer aims to manage the company's Tier 1 capital position and optimize its liquidity and debt maturity profile.