Santander: Chilean unit raises fresh funds on Swiss market
(CercleFinance.com) - Banco Santander Chile has raised around 118 million dollars (115 million Swiss francs) by placing bonds with maturing five years and three months on the Swiss market.
"We decided to issue in the Swiss market due to the attractive levels in comparison with the local financing alternatives, all with minimal execution risk," the Chilean unit of Sanatander said.
The spread obtained was 55 basis points above the Mid-Swap, equivalent to a fixed interest of 0.441%.
The transaction reflects the bank's excellent positioning in international markets, even with high volatility, due to issues in the markets over the last few months, it added.
Credit Suisse and UBS were appointed lead banks for the execution of this transaction.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
"We decided to issue in the Swiss market due to the attractive levels in comparison with the local financing alternatives, all with minimal execution risk," the Chilean unit of Sanatander said.
The spread obtained was 55 basis points above the Mid-Swap, equivalent to a fixed interest of 0.441%.
The transaction reflects the bank's excellent positioning in international markets, even with high volatility, due to issues in the markets over the last few months, it added.
Credit Suisse and UBS were appointed lead banks for the execution of this transaction.
Copyright (c) 2018 CercleFinance.com. All rights reserved.