September 4, 2013
Santander Chile has returned to the Swiss bond market to raise CHF150m ($15
Santander Chile has returned to the Swiss bond market to raise CHF150m ($159m), according to people familiar with the transaction. The 2019 bond represents the Chilean lender’s third-ever CHF issuance, and priced at 99.915 with a 1.750% coupon to yield 1.725%, or mid-swaps plus 75bp. UBS managed Tuesday’s sale, rated Aa3/A+. Santander Chile previously raised CHF150m in the Swiss bond market in March, pricing a 2017 bond at Swiss Libor+100bp.