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News 2015

BancoEstado Placed Bank Bonds

Subgerencia de Comunicaciones

, May 28, 2015. 12:00

• Placement of 10-year bonds for a total of UF 3 million. • The instrument reached a 2.85% placement rate.

BancoEstado placed series 03 bank bonds for a total of UF 3 million, equivalent to US$ 123 million.  The instrument has a remaining term of 10 years and a duration of 8.5 years, and reached a placement rate of 2.85%, with a risk-free placement rate of 130 base points.

The financial institution informed that the main objective of this placement is to capture long term resources to match the commercial development of BancoEstado.

The  bonds placed have  AAA (ICR) and AAA (Fitch) ratings, with  semi-annual interest payments and capital amortisation  paid in a single instalment on the date of maturity.

The operation was carried out with the Santiago Stock Exchange as a Dutch Auction, through BancoEstado S.A. Corredores de Bolsa placement agency, generating enormous interest on the part of institutional investors, with a demand that was 3.6 times higher than the issue.

BancoEstado is extremely stable and solvent and has one of the best risk classifications in the market, which enables it to offer investors profitable safe and reliable financial instruments.