ERRATUM: Banco Santander-Chile issues bond in Swiss market for CHF 115 million
September 04 2018 - 3:43PM
Tuesday, September 4, 2018. Banco
Santander Chile successfully placed a bond in Swiss francs for a
total of CHF 115 million (equivalent to US$ 118 million) with a
term of five years and three months. The spread obtained was 55
basis points above the Mid-Swap, equivalent to a fixed
interest of 0.441%.
Currently Banco Santander
Chile has three bonds outstanding in Switzerland, and had not
issued in this market since November 2016.
For Emiliano Muratore, Chief
Financial Officer of Santander Chile, "this transaction is evidence
of the excellent positioning the Bank has in international markets,
even with high volatility due to issues in the international
markets in the last few months and issues within the region in the
last few weeks. We decided to issue in the Swiss market due to the
attractive levels in comparison with the local financing
alternatives, all with minimal execution risk. We also seized the
opportunity to increment our shareholder base."
The banks appointed for the
execution of this transaction were Credit Suisse AG and UBS AG.
About Banco
Santander
Banco
Santander Chile is the largest Bank in Chile in terms of assets,
loans and equity. As of June 30, 2018, we had total assets of
Ch$37,589 billion (U.S.$57.5 billion), outstanding loans net of
allowances for loan losses of Ch$28,429 billion (U.S.$43.5
billion), total deposits of Ch$20,809 billion (U.S.$ XX9 billion)
and equity of Ch$3,043 billion (U.S.$4.7 billion). We have 376
branches, 1,001 ATMs, and 11,453 employees. Our BIS ratio up to
June 2018 was 12.8%, with a core capital ratio of 10.0%. Our
long-term credit risk rating are A1 by Moody's, A Fitch and A
Standard & Poor's.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Banco Santander-Chile via Globenewswire
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