By Christine Van Dusen
Atlanta, April 8 - Banco Santander Chile priced $500 million three-year floating-rate notes (expected ratings: Aa3/A/A+) at par to yield Libor plus 90 basis points, a market source said.
The notes priced at the tight end of talk, set at Libor plus 90 bps to 95 bps.
BofA Merrill Lynch, Deutsche Bank, Goldman Sachs, Santander and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
Banco Santander Chile is a bank based in Santiago, Chile.
| Issuer: | Banco Santander Chile
|
| Amount: | $500 million
|
| Maturity: | April 11, 2017
|
| Description: | Floating-rate notes
|
| Bookrunners: | BofA Merrill Lynch, Deutsche Bank, Goldman Sachs, Santander, Standard Chartered Bank
|
| Coupon: | Libor plus 90 bps
|
| Price: | Par
|
| Yield: | Libor plus 90 bps
|
| Price talk: | Libor plus 90 bps to 95 bps
|
| Trade date: | April 8
|
| Settlement date: | April 15
|
| Expected ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
| Distribution: | Rule 144A and Regulation S
|
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