Chile to sell dollar-denominated notes via four bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Jan. 17 – The Republic of Chile is planning an offering of dollar-denominated notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call until a number of months before maturity and then will transition to a par call.

BofA Securities, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and SG Americas Securities, LLC are the bookrunners.

Bank of New York Mellon is the trustee.

Shearman & Sterling LLP, special New York counsel to Chile, and Morales & Besa Abogados Ltda., special Chilean counsel to Chile, will advise the issuer.

Cleary Gottlieb Steen & Hamilton LLP (New York law) and Garrigues Chile Ltda. (Chilean law) are working on behalf of the underwriters.

Chile intends to invest an amount equal to the proceeds from the sale of the notes into projects that may qualify as eligible social expenditures under its sustainable bond framework.

Application will be made for the notes to be admitted for trading to the international securities market of the London Stock Exchange.

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