Fitch rates Banco Santander Chile floaters A+

Fitch said it assigned an A+(EXP) rating to Banco Santander Chile's upcoming $185 million senior unsecured floating-rate notes.

This issuance is made under the umbrella of the medium-term notes program.

The senior unsecured bonds will be denominated in U.S. dollars and will mature on Nov. 28, 2021 and carry a floating annual interest rate of Libor plus 120 basis points.

Fitch said the rating assigned to the issuer’s new debt corresponds to the bank's long-term issuer default rating of A+ and stable outlook.

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