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Banco Santander Puerto Rico
Puerto Rico, United States

The company is a foreign commercial bank.

Primary Underwriting Group
ManagerTierPhone
ABN AMRO BankLead Manager
Friedman, Billings, Ramsey & Co., Inc.Co-manager (703) 312-9571

Offering Information
NYSE:SBP Financial: SIC 6081
Type of Shares:Common Shares Filing Date:11/1/98
U.S. Shares:8,250,000 Offer Date:11/20/98
Non-U.S. Shares:0 Filing Range:$20.00 - $23.00
Primary Shares:8,250,000 Offer Price:$21.50
Secondary Shares:0 Gross Spread:$1.24
Offering Amount: $177,375,000 Selling:$0.75
Expenses: - Reallowance:$0.10
Post-IPO Shares: -

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

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