2013-03-08 13:12:06 -
Santiago, Chile, March 7, 2013. Banco Santander Chile (NYSE: BSAC; SSE:
Bsantander) announced today the pricing of its CHF 150 million (approximately
USD 150 million) aggregate principal amount of Senior Bonds due 2017. The Senior
Bonds priced at CHF3M LIBOR +100 bps. This translates into a cost of UF +3.33%.
The Bank intends to use the net proceeds of the offering of the Senior Bond for
general corporate purposes.
The Senior Bonds will not initially be registered under the Securities Act or
applicable state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state law.
This announcement does not constitute an offer to sell or the solicitation of
offers to buy
any security and shall not constitute an offer, solicitation or
sale of any security in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
Banco Santander Chile (Bsantander, BSAC) as of December 31, 2012 is Chile's
largest bank by assets (U.S. $ 51,700) and equity (U.S. $ 4,500 millions). The
bank has 503 branches, 2,001 ATMs and 3.5 million customers. Santander Chile
also has one of the highest credit ratings in the region with an A + by Fitch, A
by Standard and Poor's and Aa3 by Moody's. At the end of December, the Bank had
a core capital ratio of 10.7%. Banco Santander Chile is traded on the Santiago
Stock Exchange (Bsantander) and on the New York Stock Exchange (BSAC). The
largest shareholder is Banco Santander Group which controls 67% of the property.
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Source: Banco Santander-Chile via Thomson Reuters ONE