Banco Santander-Chile (NYSE: BSAC) places AA-6 bonds at 2.80%
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Banco Santander-Chile reported a new local bond placement in Chile. As of March 31, 2026, the bank placed dematerialized bearer bonds in the local market under its existing CMF-registered line of credit number 20220013.
The placement corresponds to Series AA-6 bonds, ticker symbol BSTDA61022, for a total amount of 1,000,000 UF. These bonds mature on October 1, 2037, and the average placement rate was 2.80%, providing the bank with long-term local currency funding.
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Key Figures
Bond amount: 1,000,000 UF
Average placement rate: 2.80%
Bond maturity: October 1, 2037
+1 more
4 metrics
Bond amount
1,000,000 UF
Series AA-6 bonds placed in local market
Average placement rate
2.80%
Yield on Series AA-6 bond issuance
Bond maturity
October 1, 2037
Maturity date of Series AA-6 bonds
Credit line registration number
20220013
CMF Securities Registry, registered November 15, 2022
Key Terms
dematerialized bearer bonds, line of credit, Material Fact, Securities Registry
4 terms
dematerialized bearer bonds financial
"the Bank placed dematerialized bearer bonds in the local market"
line of credit financial
"using the line of credit registered with the CMF Securities Registry"
A line of credit is a flexible borrowing arrangement that lets a company draw money up to a preset limit, repay it, and borrow again as needed—similar to a business credit card or an emergency tap on a savings account. It matters to investors because it shows how a firm manages short-term cash needs and growth funding without taking a single large loan; access, cost, and attached conditions can affect liquidity, interest expenses and financial risk.
Material Fact regulatory
"hereby report as a Material Fact regarding Banco Santander-Chile"
Securities Registry regulatory
"registered with the CMF Securities Registry under number 20220013"
FAQ
What bond issuance did Banco Santander-Chile (BSAC) disclose in this 6-K?
Banco Santander-Chile disclosed the placement of Series AA-6 dematerialized bearer bonds in the local Chilean market. The issuance totals 1,000,000 UF and was carried out under an existing CMF-registered line of credit number 20220013 from November 15, 2022.
What are the key terms of Banco Santander-Chile’s Series AA-6 bonds (BSTDA61022)?
The Series AA-6 bonds, ticker BSTDA61022, have a total amount of 1,000,000 UF and mature on October 1, 2037. The average placement rate for this issuance was 2.80%, reflecting the cost of this long-term local funding for the bank.
When do Banco Santander-Chile’s newly placed AA-6 bonds mature?
The Series AA-6 bonds placed by Banco Santander-Chile mature on October 1, 2037. This long-dated maturity helps the bank secure extended-term funding in the Chilean market, aligning its liabilities with longer-term business needs and client activities.
What interest rate did Banco Santander-Chile achieve on the AA-6 bond placement?
The average placement rate for Banco Santander-Chile’s Series AA-6 bonds was 2.80%. This percentage represents the yield investors required for the 1,000,000 UF issuance maturing on October 1, 2037, in the local Chilean market.
Under what regulatory framework was the Banco Santander-Chile bond issued?
The bond was issued using a line of credit registered with the Chilean CMF Securities Registry under number 20220013 on November 15, 2022. The disclosure was made as a Material Fact in compliance with Chilean securities market law and CMF regulations.
