By Christine Van Dusen
Atlanta, April 16 - Banco Santander Chile priced a combined ¥27.3 billion of three- and five-year notes (Aa3) in three tranches on Tuesday, a market source said.
The ¥2 billion three-year fixed-rate notes priced at par to yield 0.72%, or yen swaps plus 45 basis points. The notes were talked at a spread of yen swaps plus 43 bps to 50 bps.
The ¥6.6 billion three-year floating-rate notes priced at par to yield Libor plus 55 bps, following talk of 53 bps to 60 bps.
And the ¥18.7 billion five-year notes priced at par to yield 0.97%.
Daiwa Securities, JPMorgan and Mizuho Securities were the bookrunners for the deal.
Banco Santander Chile is a bank based in Santiago, Chile.
| Issuer: | Banco Santander Chile
|
| Amount: | ¥27.3 billion
|
| Description: | Notes
|
| Bookrunners: | Daiwa Securities, JPMorgan, Mizuho Securities
|
| Trade date: | April 15
|
| Settlement date: | April 24
|
| Rating: | Moody's: Aa3
|
|
|
| Three-year notes
|
| Amount: | ¥2 billion
|
| Maturity: | April 24, 2017
|
| Coupon: | 0.72%
|
| Price: | Par
|
| Yield: | 0.72%
|
| Spread: | Yen swaps plus 45 bps
|
| Price talk: | Yen swaps plus 43 bps to 50 bps
|
|
|
| Three-year floaters
|
| Amount: | ¥6.6 billion
|
| Maturity: | April 24, 2017
|
| Coupon: | Libor plus 55 bps
|
| Price: | Par
|
| Spread: | Libor plus 55 bps
|
| Price talk: | Libor plus 53 bps to 60 bps
|
|
|
| Five-year notes
|
| Amount: | ¥18.7 billion
|
| Maturity: | April 24, 2019
|
| Coupon: | 0.97%
|
| Price: | Par
|
| Yield: | 0.97%
|
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