Republic of Chile’s $1.5 Billion Notes Offering and tender offer

Morales & Besa advised on the transaction

On Wednesday, May 8, 2019, the Republic of Chile executed an offer to purchase for cash debt securities of the series listed in the table below, subject to the terms and conditions set forth in the offer to purchase of the same date.

The Tender Offer commenced at 8:00 a.m., New York time, on Wednesday, May 8, 2019 and, unless extended or earlier terminated by Chile in its sole discretion, will expire at 8:00 a.m., New York time, on Wednesday, May 15, 2019 and settle on Friday, May 17, 2019, subject to pricing and closing of the offering of new bonds to be issued by Chile.

Itau BBA USA Securities, Inc., Santander Investment Securities Inc. and Scotia Capital (USA) Inc. acted as initial purchasers on the offering.

Morales & Besa advised the Republic of Chile with a team including Guillermo Morales (Picture), Jaime Rosso (Tax) and Josefa Rodríguez.

Involved fees earner: Guillermo Morales – Morales & Besa; Josefa Rodríguez – Morales & Besa; Jaime Rosso G. – Morales & Besa;

Law Firms: Morales & Besa;

Clients: Republic of Chile;

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Author: Ambrogio Visconti.