Republic of Chile Issues Chilean Peso Debt Offerings
July 3, 2018
Cleary Gottlieb represented the Republic of Chile in its concurrent offering of Ps.37.330 billion aggregate principal amount of 4.00 percent bonds due 2023 and Ps.66.620 billion aggregate principal amount of 4.70 percent bonds due 2030 in the international capital markets.
The bonds are governed by Chilean law and subject to the jurisdiction of Chilean courts. The offering was part of a global offering of the 2023 Bonds for a total aggregate amount Ps.440 billion and of the 2030 Bonds for a total aggregate amount Ps. 610 billion which were simultaneously offered and sold to the public in Chile pursuant to Chilean law and to investors outside of Chile pursuant to Rule 144A and Regulation S. Joint book-running managers were Itau BBA USA Securities, Inc., HSBC Securities (USA) Inc., and Scotia Capital (USA) Inc. Both offerings were launched on June 21, 2018, priced on June 28, 2018, and closed on July 3, 2018.