By Andrea Heisinger
New York, Oct. 1 - Banco Estado Chile sold $500 million of 4 1/8% 10-year notes late Thursday under Rule 144A at 170 basis points over Treasuries, a market source away from the sale said Friday.
The notes (Aa3/A+/) priced at 99.24 to yield 4.219%. They have a make-whole call at Treasuries plus 25 bps.
Deutsche Bank Securities and J.P. Morgan Securities LLC were the bookrunners.
The financial services company is based in Santiago, Chile.
| Issuer: | Banco Estado Chile
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | Oct. 7, 2020
|
| Bookrunners: | Deutsche Bank Securities, J.P. Morgan Securities LLC
|
| Coupon: | 4 1/8%
|
| Price: | 99.24
|
| Yield: | 4.219%
|
| Spread: | Treasuries plus 170 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Distribution: | Rule 144A
|
| Trade date: | Sept. 30
|
| Settlement date: | Oct. 7
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
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