Chile in $1.46 Billion Offering

May 12, 2020

Cleary Gottlieb represented the Republic of Chile (Chile) in an SEC-registered offering of $1.46 billion 2.45% notes due 2031.

Citigroup Global Markets Inc., Itau BBA USA Securities Inc., and Scotia Capital (USA) Inc. acted as joint lead managers and bookrunners for the offering. The offering of the notes priced on May 5, 2020, and closed on May 12, 2020.

Chile intends to invest the proceeds from the sale of the notes for general purposes of the government, including to partially fund its COVID-19 relief and recovery efforts.