Santander Chile returns to the Swiss market with a new 10 year issuance
August 22 2019 - 9:41AM
Yesterday, Banco Santander Chile successfully issued a bond in
Swiss francs for CHF 100 million (equivalent to US$ 102 million)
with a term of 10 years and achieved a spread of 69 basis points
above the Mid-Swap. This is equivalent to a fixed rate of 0.135%,
the bank’s lowest coupon rate to date in this market.
This issuance corresponds to the second transaction
in Switzerland this year and adds to Santander Chile’s five other
instruments outstanding in this market, reaching a total of CHF 790
million. This positions this market as one of the most important
countries for international funding.
For Emiliano Muratore, Chief Financial Officer of
Banco Santander Chile, “this new issuance is a reflection of the
excellent positioning of the Bank in the international markets,
considering that this is the first time we have extended the term
to 10 years in Switzerland. Despite the uncertainty that markets
are facing, we are benefiting from the low rate environment and
executed a transaction that compares favorably to funding
alternatives in the local market. Additionally, this transaction
allows us to continue to diversify our investor base.”
This press release is not an offer to sell or a
solicitation of an offer to buy any securities in the United
States. The notes have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the “U.S. Securities
Act”), and may not be offered or sold in the United States or to a
U.S. person (as defined in Regulation S under the U.S. Securities
Act) absent registration or an applicable exemption from
registration.
About Banco Santander Chile
Banco Santander Chile is the largest bank in Chile
in terms of loans. As of June 30, 2019, we had total assets of
Ch$42,031 billion (U.S.$ 62.0 billion), outstanding loans net of
allowances for loan losses of Ch$30,289 billion (U.S.$ 44.6
billion), total deposits of Ch$22,032 billion (U.S.$ 32.5 billion)
and equity of Ch$3.331 billion (U.S.$4.9 billion). Our BIS ratio at
June 2019 was 13.1% with a core capital ratio of 10.4%. Our
long-term credit risk ratings are A1 by Moody’s, A by Fitch, A by
Standard and Poor’s and A+ by JCR.
CONTACT INFORMATION
Robert Moreno
Investor Relations
Banco Santander Chile
Bandera 140, Floor 20
Santiago, Chile
Tel: (562) 2320-8284
Email: irelations@santander.cl
Website: www.santander.cl
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