The Republic of Chile completed an offering of €1.27 billion aggregate principal amount of its 1.250 percent notes due 2040 and an additional €693.7 million aggregate principal amount of its existing 0.830 percent notes due 2031. Banco Santander – London Branch, BNP Paribas and Société Générale acted as underwriters for the offering, Global Legal Chronicle informs.
Concurrently, the Republic purchased for cash certain of its outstanding 1.625 percent notes due 2025, 1.750 percent notes due 2026, 1.440 percent notes due 2029 and 1.875 percent notes due 2030 for a total aggregate principal amount of €469 million through Banco Santander – London Branch, BNP Paribas and Société Générale, as dealer managers.
The Republic intends to invest an amount equal to the proceeds from the sale of the notes into projects that may qualify as “eligible green expenditures” under its Green Bond Framework.
The team included partners Stuart Fleischmann and Grissel Mercado and associates Maria Marulanda Larsen and Anna Shepard (all New York-Capital Markets). The team also included visiting attorney Miguel Torres Caro.