Bonds & Loans awards Banco Santander Chile in Deals of the Year for the first issuance of a floating-rate Chilean peso bond i...

Banco Santander Chile was awarded by Bonds & Loans Latin America under the category Deals of the Year, Financial Institutions, for the bond issuance in August 2018 for the first floating-rate Chilean peso bond in the local market. Bonds & Loans is the only integrated market platform focused on emerging markets on a global scale, serving as a reliable source of information for over 58,000 market agents.

Emiliano Muratore, Chief Financial Officer of Banco Santander Chile, stated that "this award highlights the success of this instrument. Our team worked on the development of this bond for over a year and included the help of many local industry participants for this to work. The fact that we were able to structure and issue this new Bond demonstrates our solid position as leaders in the local market and that today is also recognized on an international level".

The bond was issued through a Dutch auction, with a final price of 101.02, representing a spread of 66 basis point above the ICP^[1]. The series U4 for a total of Ch$75 billion will be due on January 10, 2022 and has a local rating of AAA by Fitch Ratings and Feller Rate. After this operation, Banco Santander Chile has successfully issued two new instruments with similar characteristics, increasing its investor base for this type of bonds.

About Banco Santander

Banco Santander Chile is the largest bank in the Chilean market in terms of loans and assets. As of December 31, 2018, the Bank had total assets of Ch$ 38,875 billion, net loans of provisions of Ch$ 29,807 billion, deposits of Ch$ 21,373 billion, and total equity of Ch$ 3,332 billion. The BIS capital ratio as of December 2018 was 13.4%, with a core capital ratio of 10.6%.  Banco Santander Chile is one of the companies with the highest risk classifications in Latin America with an A1 rating from Moody's, A from Fitch, A from Standard and Poor's, and A+ from Japan Credit Rating Agency.

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^[1] The average Central Bank rate from the average interbank rate index (Indice de Camara Promedio, or ICP) as calculated and published by the Association of Banks and Financial Institutions of Chile on a daily basis from the average interbank rate reported by the Central Bank of Chile.

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Source: Banco Santander-Chile via Globenewswire