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Spain’s Santander to raise up to 981 mln euros in subordinated debt

MADRID, Sept 12 (Reuters) – Spain’s Banco Santander registered on Tuesday a prospectus to raise up to 981 million euros ($ 1.2 billion) in subordinated debt as part of a commercial offer to compensate some retail clients who acquired shares and subordinated debt of Banco Popular and were wiped out when the bank was wound down.

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