Santander UK targets capital optimisation with T2 tender offer

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Santander UK targets capital optimisation with T2 tender offer

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Santander Cycles for hire parked in a rack in central London. (Photo by Dinendra Haria / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

Santander UK is looking to buy back part of a subordinated bond issued in 2013 in a bid to “optimise its regulatory capital structure”.

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