Santander Chile to Swap $48m

Santander Chile to Swap $48m

Chile Bonds

Investors holding $47.7m face value of Santander Chile’s 5.375% 2014 bonds accepted a cash tender offer as of the June 6 final deadline, it says. Earlier this month it launched the offer to repurchase up to $75m of the subordinated bonds through a Dutch auction format that sees it pay $1,045-$1,065 per $1,000 principal through the early deadline and $1,015-$1,035 after through the closing. The bank had received $45m as of a May 22 early deadline. There is $300m outstanding in the 2014s. Santande

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