Morales & Besa advised the Republic of Chile represented by the Ministry of Finance in connection with a global offering of US$2,000,000,000 principal amount as well as a concurrent offering of €830,000,000 principal amount

January 25, 2018

Morales & Besa successfully advised the Republic of Chile represented by the Ministry of Finance in connection with a global offering of US$2,000,000,000 principal amount of 3.240% Notes due 2028 as well as a concurrent offering of €830,000,000 principal amount of 1.440% Notes due 2029.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, for the USD bond, and Banco Santander, S.A., BNP Paribas, y HSBC Bank plc, for the Euro bond, or their affiliates served as Joint Lead Managers and Bookrunners for these offerings. The USD and Euro new notes offerings were made by means of a Prospectus Supplement and an accompanying Base Prospectus under Chile’s registration statements filed with the United States Securities and Exchange Commission.

Chile used the net proceeds of the USD notes offering for general budgetary purposes and partially to pay the US$990,000,000 purchase price of a coterminous tender offer to purchase for cash certain 3.875% Global Notes due 2020, 3.250 Global Notes due 2021, 2.250% Global Notes due 2022, 3.125% Global Notes due 2025 and 3.125% Global Notes due 2026 and the balance for general purposes of the government. The net proceeds of the sale of the Euro notes were used for general budgetary purposes of the government.

Morales & Besa team involved in this transaction was formed by the partner Guillermo Morales with the participation of associates Ignacio Menchaca, Jaime Rosso and María José Rojas.

 

Related Practices

Related Industries

Related Lawyers