Santander Santiago Offers Local Bonds

Santander Santiago, Chile’s largest private bank, is to offer local inflation-linked bonds worth $469 million (UF14 million), issued in five series. The first, Series O, will have a four-year maturity, total UF5 million, and pay an annual interest rate of 3.30%. Series P (UF3 million) is for seven years, at an annual rate of 3.5%. Series Q (UF2 million) is for nine years at an annual rate of 3.7%. Series R (UF2 million) carries a 20-year maturity at an annual rate of 3.9% and Series S is for UF2 million for 30 years at an annual rate of 4.1%. The bonds have been rated AA+ by Feller Rate.