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News 2015

BancoEstado Placed Bank Bonds

Subgerencia de Comunicaciones

Santiago, Dec 02, 2015. 12:00

The placement, which was the last for this year, totalled UF 2 million, equivalent to US$ 74 million.

BancoEstado placed series 02 bank bonds for a total of UF 2 million, equivalent to US$ 74 million.  The instrument has duration of 4 years, and reached a placement rate of 2.37%, with a spread of 112 base points.

BancoEstado reported that the main objective of this operation was to capture resources to finance the commercial development of this financial institution.

The bonds placed have AAA (ICR) and AAA (Fitch) ratings, with semmi-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 3.0 times higher than the issue.

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