Santander Chile Covered Bond Details Emerge

Santander Chile Covered Bond Details Emerge

Chile Bonds Structured Finance

Santander Chile’s planned UF-denominated domestic covered bond should be for up to UF3m ($137m) and have a 3.2% coupon and a 15-year maturity, according to a Moody’s report assigning a AAA national scale rating. The deal, expected as soon as this month, comes under a UF20m shelf for maturities of up to 30 years. Santander is managing the transaction, according to people familiar with the details. A transaction would be the country’s first under new regulations approved at the end of last year. B

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial