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Details of New Issue: Republic of Chile $Benchmark SLB; Long 12Y, Long 30Y

CHILE
  • Chile’s new notes offering comprises US dollar notes due 2036 and USD notes due 2054. The announcement comes alongside a plan to conduct offers to exchange $6.48 billion of outstanding notes for newly issued notes, according to a statement.
  • The deal is expected to price today. Initial price talk and further details via Bloomberg here:
    • $Benchmark Long 12Y Fixed (Jan. 5, 2036) IPT +160 Area
      • 3-month par call, MWC
    • $Benchmark Long 30Y Fixed (Jan. 5, 2054) IPT +185 Area
      • 6-month par call, MWCIssuer: Republic of Chile (CHILE)
    • Exp. Ratings: A2/A/A-
    • Format: SEC registered, senior unsecured, sustainability-linked bond
    • UOP: General purposes of the government
    • Settlement: July 5, 2023 (T+5)
    • Bookrunners: CA-CIB, HSBC, Santander, SCOTIA, SocGen

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