Santander Chile Passes Half of Tender Target

Santander Chile Passes Half of Tender Target

Chile Bonds

Investors holding about $45m of Santander Chile’s 5.375% 2014 bonds had accepted a cash tender offer as of the May 22 early deadline, it says. Santander Chile earlier this month launched an offer to repurchase up to $75m of the subordinated bonds through a Dutch auction format that would see it pay $1,045-$1,065 per $1,000 principal through the early deadline and $1,015-$1,035 after through the June 6 closing. The bank is wrapping up investor meetings this week ahead of a potential bond transact

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