Published on 1/12/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Banco Santander Chile sells $500 million notes due 2016 to yield Libor plus 160 bps
By Christine Van Dusen
Atlanta, Jan. 12 - Banco Santander Chile SA priced $500 million five-year floating-rate senior notes (Aa3/A+/AA-) at par to yield Libor plus 160 basis points, according to a company announcement.
J.P. Morgan Securities LLC and Santander Investment Securities Inc. were the bookrunners for the Rule 144A and Regulation S offering.
Banco Santander Chile is a Santiago, Chile-based subsidiary of financial services company Grupo Santander.
Issuer: | Banco Santander Chile SA
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Amount: | $500 million
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Maturity: | Jan. 19, 2016
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Description: | Floating-rate senior notes
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Bookrunners: | J.P. Morgan Securities LLC, Santander Investment Securities Inc.
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Coupon: | Three-month Libor plus 160 bps
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Price: | Par
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Yield: | Three-month Libor plus 160 bps
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Trade date: | Jan. 11
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Settlement date: | Jan. 19
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Ratings: | Moody's: Aa3
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| Standard & Poor's: A+
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| Fitch: AA-
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Distribution: | Rule 144A and Regulation S
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