Santander Chile talks more bonds
The Chilean bank contemplates debt sales that could swell beyond $1.4bn
Santander Chile has outlined plans for potentially CLP900bn
($1.42bn) more in local bond sales, according to a securities
The local bank is considering allocating both local currency
or inflation-linked securities across four-, five- and six-year
paper. Fitch Ratings has rated any prospective transactions AAA
on a local scale, the agency said in a statement.
Santander Chile has not yet outlined when it will print the
first series of notes, a spokesperson at the bank told
LatinFinance on Monday.
In July, Santander Chile
raised $100m in a 2020 private placement at a floating-rate
of 80bp over Libor. The bank is planning to raise between $1bn
and $1.5bn in bonds during the second half of this year.