Banco del Estado de Chile in $500 Million MTN Takedown

November 9, 2012

Cleary Gottlieb represented Banco del Estado de Chile in connection with its offering of $500 million of 2.00% Senior Notes due 2017 (Rule 144A/Regulation S) under its Medium Term Note Program listed on the Luxembourg Stock Exchange. The transaction was BancoEstado’s second takedown under its MTN Program, which was established on January 25, 2012. Citigroup, Deutsche Bank, HSBC and J.P. Morgan Chase served as dealers in respect of the notes. The offering priced on November 5 and closed on November 9.

BancoEstado is one of the largest consumer and commercial banks in Chile, and is wholly-owned by the Chilean government.