Banco Santander Chile returns to the Swiss market with a new issuance for CHF 150 million
March 12 2019 - 3:34PM
Tuesday March 12, 2019.
Despite the high volatility seen on the
International markets, the interest from investors has led to a
successful bond placement by Banco Santander Chile .
Banco
Santander Chile successfully placed a bond in Swiss francs for a
total of CHF 150 million (equivalent to US$ 149 million) with a
term of five years and six months. The spread obtained was 67 basis
points above the Mid-Swap, equivalent to a fixed interest rate of
0.384%
Banco Santander Chile currently
has four bonds outstanding in Switzerland and the previous issuance
in this market was in September 2018.
For Emiliano Muratore, Chief
Financial Officer of Santander Chile, "this new issuance is a
reflection of the excellent positioning of the Bank in the
international markets. Despite the uncertainty we have seen in the
markets in recent months, the Swiss debt market continues to
present an attractive option for us compared to the local market.
This transaction also allows us to continue to diversify our
investor base."
About Banco
Santander Chile
Banco Santander
Chile is the largest Bank in Chile in terms of loans. As of
December 31, 2018, we had total assets of Ch$39,197 billion
(U.S.$56.2 billion), outstanding loans net of allowances for loan
losses of Ch$29,486 billion (U.S.$42.3 billion), total deposits of
Ch$21,809 billion (U.S.$ 31.3 billion) and equity of Ch$3,286
billion (U.S.$4.7 billion). Our BIS ratio at December 2018 was
13.4%, with a core capital ratio of 10.6%. Our long-term credit
risk rating are A1 by Moody's, A by Fitch and A by Standard &
Poor's.
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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