NEW DEAL: Republic of Chile $Benchmark 20Y SLB +240 Area

NEW DEAL: Republic of Chile $Benchmark 20Y SLB +240 Area - Expected to price today.

As per Bloomberg reporting:

• $Benchmark 20Y SLB Fixed (March 7, 2042) IPT +240 Area
• Issuer: Republic of Chile (CHILE)
• Exp. Ratings: A1/A
• Format: SEC registered, senior unsecured, sustainability-linked bond
• UOP: General Purposes of the Government
• Settlement: March 7, 2022 (T+3)
• Denoms: 200k x 1k
• Bookrunners: BNPP, CA-CIB, SocGen
• The interest rate payable on the notes will be increased by either 12.50 or 25 bps unless Chile has delivered an officers’ certificate to the trustee at least 30 days prior to March 7, 2034 certifying that (i) each of the SPT Events described below has been satisfied and (ii) the satisfaction of each SPT Event has been confirmed in the verification reports
• Sustainability Performance Targets: SPT Event##1a: Achieve annual GHG emissions of 95 MtCO2e by December 31, 2030 SPT Event##1b: Achieve a maximum GHG emissions budget of 1,100 MtCO2e between January 1, 2020 and December 31, 2030 SPT Event #2: Generate 60% of the total electricity generated in Chile in the year ended December 31, 2032 from nonconventional renewable sources.
• Information from person familiar with the matter, who asked not to be identified because they're not authorized to speak about it.