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News 2015

BancoEstado placed Bank Bonds

Subgerencia de Comunicaciones

Santiago, Nov 05, 2015. 12:00

Placement for a total of UF 2 million, equivalent to US$ 7 million, for a period of 31 years

BancoEstado successfully placed N5 series bank bonds for a total of UF 2 million, equivalent to US$ 77 million. This instrument, which has a period of 31 years and duration of 19.6 years, achieved a placement rate of 3.23%, with a spread of 133 basis points over the risk-free instrument.

 

The financial institution informed that the principal objective of this operation is to capture long-term resources to finance the commercial development of the Bank.

 

The bonds placed have AAA risk classification (ICR) and AAA  risk classification (Fitch), and semi-annual coupon, with a single block  capital amortisation on their maturity date.

 

The operation was carried out at the Santiago Stock Exchange in Dutch auction mode, through BancoEstado S.A. Corredores de Bolsa placement agent, with great interest from corporate investors, with a demand 2.4 times higher.

 

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.