Santander Chile Plans Subordinated Bond

Santander Chile has filed a shelf for up to UF4m in 30-year subordinated bonds, it says. The bullet-maturity notes would pay a coupon of 3.9% and are rated AA on a national scale. There is no information available as to the timing of issuance under the program. Santander would manage the transaction. Chile’s bond market has remained active in recent weeks, with a few more issuers still in the pipeline. Electricity transmission company Saesa , food products producer Agrosuper and Banco Falabella are all expected by the end of October, though none has set a date yet, bankers say.