Banco Santander Chile places $700M in perpetual bonds

The bonds pay 8.0% annual interest semi-annually from April 26, 2027, and have no fixed maturity date.

Rhea-AI Filing Summary

Banco Santander-Chile completed placement of USD 700,000,000 in perpetual bonds eligible as Additional Tier 1 capital; an entity of the Santander Group acquired all of the bonds. They bear interest at 8.0% per annum, payable semi-annually on April 26 and October 26 each year, beginning April 26, 2027. The bonds have no fixed maturity date and may not be redeemed before five years have elapsed from their issuance date. They were placed pursuant to Regulation S and have not been and will not be registered under the United States Securities Act of 1933.

Key Figures

Aggregate principal amount: USD 700,000,000 Interest rate: 8.0% per annum First interest payment: April 26, 2027 +2 more

5 metrics

Aggregate principal amount USD 700,000,000 Perpetual bonds eligible as Additional Tier 1 capital

Interest rate 8.0% per annum AT1-2026 Bonds

First interest payment April 26, 2027 Semi-annual payments begin on this date

Interest payment dates April 26 and October 26 each year Semi-annual schedule

Redemption restriction 5 years Bonds may not be redeemed before this period has elapsed from issuance

Key Terms

perpetual bonds, Additional Tier 1 capital, Regulation S

3 terms

perpetual bonds financial

"perpetual bonds eligible as Additional Tier 1 capital"

Additional Tier 1 capital financial

"eligible as Additional Tier 1 capital"

Regulation S regulatory

"placed pursuant to Regulation S thereunder"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much in AT1 bonds did BSAC place?

Banco Santander-Chile completed placement of USD 700,000,000 in perpetual bonds eligible as Additional Tier 1 capital.

What interest rate do BSAC's AT1-2026 bonds pay?

The bonds bear interest at 8.0% per annum, payable semi-annually on April 26 and October 26 each year, beginning April 26, 2027.

When can BSAC's AT1-2026 bonds be redeemed?

The bonds have no fixed maturity date and may not be redeemed before five years have elapsed from their issuance date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/22/2026 - 11:36 AM EDT Accepted by SEC EDGAR 10/22/2026 - 11:35 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of October, 2026

Commission File Number: 001-14554

Banco Santander-Chile

Santander-Chile Bank

(Translation of Registrant’s Name into English)

Bandera 140, 20th floor

Santiago, Chile

Telephone: 011-562-320-2000

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒    Form 40-F ☐

EXHIBIT INDEX

EXHIBIT NO.						DESCRIPTION
99.1						Material Fact

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			BANCO SANTANDER-CHILE
			By:			/s/ Cristian Florence
			Name:			Cristian Florence
			Title:			General Counsel

Date: October 22, 2026

Santiago, October 21, 2026

Mrs.

Catherine Tornel León

President

Financial Markets Commission

Present

Ref. Communication of Material Fact.

Mrs President,

IPursuant to the provisions of Article 9 and the second paragraph of Article 10 of Law No. 18,045, and Chapter 18-10 of the Updated Compilation of Regulations (“RAN”) issued by the Financial Market Commission (“CMF”), and being duly authorized, I hereby inform you of the following material event concerning Banco Santander-Chile (the “Bank”):

As of this date, the Bank has completed the placement of perpetual bonds eligible as Additional Tier 1 capital, or “AT1” (the “AT1-2026 Bonds”), for an aggregate principal amount of USD 700,000,000 (seven hundred million United States dollars, such currency, “USD”). The AT1-2026 Bonds were fully acquired by an entity of the Santander Group.

The AT1-2026 Bonds will bear interest at a rate of 8.0% per annum. Interest will be paid semi-annually on April 26 and October 26 of each year, commencing on April 26, 2027. The AT1-2026 Bonds have no fixed maturity date and may not be redeemed before five years have elapsed from their issuance date.

The issuance was carried out in accordance with Article 55 bis of the General Banking Act, Circular Letter No. 1226 of 2021, and Chapters 21-2 and 13-34 of the RAN. The AT1-2026 Bonds have not been and will not be registered under the United States Securities Act of 1933 (the “Securities Act”) and were placed pursuant to Regulation S thereunder.

            Sincerely,

Patricia Pérez Pallacán

CFO

C.c:

- Stock Exchange

- Chilean Electronic Exchange

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 5.6 KB