Santiago, March 6, 2014 -. 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 U.S. $ 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.
Banco Santander Chile ( Bsantander , BSAC ) at December 31, 2013 is the largest bank in Chile by assets ( U.S. $ 51.4 billion ) and equity ( $ 40.1 billion). The bank has the largest network in Chile with 493 branches and employs 11,516 people. Santander Chile also has one of the highest risk ratings in the region with an A + by Fitch , A by Standard and Poor`s and Aa3 by Moody`s. As of December, the Bank had a core capital ratio of 10.6%. Banco Santander Chile traded on the Santiago Stock Exchange ( Bsantander ) and the New York Stock Exchange ( BSAC ) . The largest shareholder of Banco Santander Group is the controlling 67 % stake.
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Source: Banco Santander-Chile via GlobeNewswire