Chile’s $4 Billion Offering

Cleary Gottlieb represented Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Santander Investment Securities Inc., and Scotia Capital (USA) Inc., as underwriters, in the Republic of Chile’s (Chile) SEC-registered offering of $1.5 billion 2.75% bonds due 2027, $1.5 billion 3.5% bonds due 2034, and $1 billion 4% bonds due 2052.

The offering of the notes priced on January 27, 2022, and closed on January 31, 2022.

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