Last updated: 09:24 / Monday, 10 March 2014
AUD 125 million

Banco Santander Chile, First Latin American Bank to Access the Australian Debt Market

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Banco Santander Chile, First Latin American Bank to Access the Australian Debt Market

Banco Santander Chile issued its first "Kangaroo Bond" (bonds issued by a foreign-denominated Australian dollars under Australian Law), which is in turn, the first of a Latin American bank in that format. The issuance was for AUD 125 million, which is equivalent to about  US$ 115 million, with a maturity of 3 years and a coupon rate of 4.5%.

According to Pedro Murua, Manager of Financial Analysis and Structuring at Banco Santander Chile: " This transactions allows us to continue diversifying our funding base and reflects the fact that investors recognize Chile and Banco Santander Chile, as a safe and reliable place where to invest ."

The joint book runners were Deutsche Bank and Bank of America Merrill Lynch.

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