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Deal Launched: Republic of Chile $4b Sust. Debt Offering in 3 Parts

CHILE

LAUNCH: Republic of Chile $4b Sust. Debt Offering in 3 Parts (Bloomberg)

Deal launched.

  • $1.5b 5Y Fixed (Jan. 31, 2027) at +110
    • Guidance +115a (+/-5), IPT +150 area
  • $1.5b 12Y Fixed (Jan. 31, 2034) at +170
    • Guidance +175a (+/-5), IPT +low 200s
  • $1b 30Y Fixed (Jan. 31, 2052) at +195
    • Guidance +200a (+/-5), IPT +225 area
  • Issuer: Republic of Chile (CHILE)
  • Exp. Ratings: A1/A
  • Format: SEC registered, senior unsecured, sustainability bond
  • UOP: Invest an amount equal to the proceeds from the sale of the notes into projects that may qualify as “eligible green expenditures” and “eligible social expenditures” under Chile’s Sustainable Bond Framework
  • Settlement: Jan. 31, 2022 (T+2)
  • Denoms: 200k x 1k
  • Bookrunners: Citi, HSBC (B&D), Santander, SCOTIA
  • Amortization: Bullet

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