Banco Santander-Chile (NYSE: BSAC) sells Ch$80B BF bonds at 6.24% rate
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Banco Santander-Chile reported that on May 28, 2026 it placed a new series of bonds in the local Chilean market under its existing CMF-registered credit line. The Series BF bonds, ticker BSTDBM0426, total Ch$ 80,000,000,000, carry an average placement rate of 6.24% and mature on April 1, 2037. These are dematerialized bearer bonds placed using the line of credit registered in the CMF Securities Registry under number 20240007 on April 30, 2025.
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Key Figures
Bond amount: Ch$ 80,000,000,000
Average placement rate: 6.24%
Maturity date: April 1, 2037
+2 more
5 metrics
Bond amount
Ch$ 80,000,000,000
Total Series BF bonds placed in local market
Average placement rate
6.24%
Yield on Series BF bonds
Maturity date
April 1, 2037
Final maturity of Series BF bonds
Credit line registry number
20240007
CMF Securities Registry line used, registered April 30, 2025
Material Fact date
May 28, 2026
Date bonds were placed and disclosed
Key Terms
Material Fact, dematerialized bearer bonds, line of credit, Securities Registry, +1 more
5 terms
Material Fact regulatory
"hereby report as a Material Fact regarding Banco Santander-Chile"
dematerialized bearer bonds financial
"the Bank placed dematerialized bearer bonds in the local market"
line of credit financial
"using the line of credit registered with the CMF Securities Registry"
A line of credit is a flexible borrowing arrangement that lets a company draw money up to a preset limit, repay it, and borrow again as needed—similar to a business credit card or an emergency tap on a savings account. It matters to investors because it shows how a firm manages short-term cash needs and growth funding without taking a single large loan; access, cost, and attached conditions can affect liquidity, interest expenses and financial risk.
Securities Registry regulatory
"registered with the CMF Securities Registry under number 20240007"
placement rate financial
"The average placement rate for the bonds was 6.24%."
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
the Securities Exchange Act of 1934
For the month of May, 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: May 28, 2026
Santiago, May 28, 2026
Mrs.
Catherine Tornel León
President
Financial Markets Commission
Present
| Ref. | Communication of Material Fact. | ||||
Mrs President,
In compliance with the provisions of article 9 and subsection 2 of article 10 of Law No. 18,045, on the Securities Market, and General Rule No. 30 of the Commission for the Financial Market (hereinafter , the “CMF”) modified by General Rule No. 486 of August 31, 2022, duly empowered to that effect, hereby report as a Material Fact regarding Banco Santander-Chile (hereinafter, the “Bank”) with the purpose of disclosing in a truthful, sufficient and timely manner the essential facts and information related to the Bank, its businesses and the securities issued by it that are subject to public offering, the following:
As of today, May 28, 2026, the Bank placed dematerialized bearer bonds in the local market, using the line of credit registered with the CMF Securities Registry under number 20240007 on April 30, 2025. The specific terms of these placements were as follows:
- Series BF Bonds, ticker symbol BSTDBM0426, for a total amount of Ch$ 80,000,000,000 pesos, maturing on April 1, 2037. The average placement rate for the bonds was 6.24%.
Sincerely,
Patricia Pérez Pallacán
CFO
C.c:
- Stock Exchange
- Chilean Electronic Exchange
FAQ
What did Banco Santander-Chile (BSAC) disclose in this May 2026 update?
Banco Santander-Chile disclosed a placement of Series BF bonds in the local Chilean market. The bonds, ticker BSTDBM0426, total Ch$ 80,000,000,000, with an average placement rate of 6.24% and a final maturity date of April 1, 2037.
What are the main terms of Banco Santander-Chile’s Series BF bonds BSTDBM0426?
The Series BF bonds, ticker BSTDBM0426, have a total amount of Ch$ 80,000,000,000. They bear an average placement rate of 6.24% and mature on April 1, 2037. The bonds are issued as dematerialized bearer instruments in the local Chilean market.
When do Banco Santander-Chile’s newly placed Series BF bonds mature?
The Series BF bonds placed by Banco Santander-Chile mature on April 1, 2037. This long-term maturity means investors receive interest until that date, after which the bank is expected to repay the Ch$ 80,000,000,000 principal according to the bond terms.
What interest rate did Banco Santander-Chile achieve on the new bond placement?
Banco Santander-Chile achieved an average placement rate of 6.24% on its Series BF bonds. This percentage represents the effective interest cost for the bank and the yield for investors purchasing the Ch$ 80,000,000,000 in bonds in the local market.
Under which credit line did Banco Santander-Chile issue the Series BF bonds?
The Series BF bonds were issued using a line of credit registered with the CMF Securities Registry under number 20240007. This line was registered on April 30, 2025, enabling Banco Santander-Chile to place dematerialized bearer bonds like the BSTDBM0426 series locally.
In which market did Banco Santander-Chile place the Series BF bonds announced in May 2026?
Banco Santander-Chile placed the Series BF bonds in the local Chilean market. The bonds are dematerialized bearer instruments, identified by ticker BSTDBM0426, totaling Ch$ 80,000,000,000 with a 6.24% average placement rate and an April 1, 2037 maturity.