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News 2014

BancoEstado carried out successful placement of Subordinated Bonds

Subgerencia de Comunicaciones

, Aug 27, 2014. 03:00

Placement of subordinated bonds for a total of UF 2 million with a maturity period of 32 years.

BancoEstado carried out a successful placement of M3 series subordinated bonds for UF 2 million, equivalent to US$ 93 million.

This instrument has a remaining term of 32 years and a duration of 20.3 years, obtaining a placement rate of 2.68%, with  a risk-free spread of 95 basis points.  Demand doubled the issue, once again giving evidence of the confidence that investment institutions have in BancoEstado.


The financial institution informed that the main objective of this placement is to strengthen the Bank’s assets in order to encourage its commercial activities.


The bonds placed have AA+ (ICR) and AA (Fitch) classification, with half-yearly interest payments and a single block capital amortization on their maturity date.

The operation was carried out at the Santiago Stock Exchange in the Dutch Auction mode, through the BancoEstado S.A. Corredores de Bolsa placement agents.


BancoEstado offers excellent conditions of stability, solvency and one of the best risk classifications in the financial system, which enables it to offer investors profitable, safe and reliable financial instruments.