Chile’s $1 Billion Offering

September 21, 2021

Cleary Gottlieb represented BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Santander Investment Securities Inc., and Scotia Capital (USA) Inc., as underwriters, in the Republic of Chile’s (Chile) SEC-registered offering of $1 billion 3.25% bonds due 2071.

The offering of the notes priced on September 14, 2021, and closed on September 21, 2021.

Chile intends to invest the proceeds from the sale of the notes into projects that may qualify as “eligible social expenditures” under Chile’s sustainable bond framework.