Banco Santander-Chile (NYSE: BSAC) issues 597,000 UF Series BA bonds
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Banco Santander-Chile reported a new local bond placement. On February 16, 2026, the bank issued dematerialized bearer bonds in Chile under its CMF-registered credit line No. 20240007.
The Series BA bonds, ticker BSTDBA0225, total 597,000 UF, mature on August 1, 2032, and were placed at an average rate of 2.725%.
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FAQ
What bond issuance did Banco Santander-Chile (BSAC) report in this 6-K?
Banco Santander-Chile reported placing dematerialized bearer bonds in the local Chilean market. The issue corresponds to Series BA bonds under its CMF-registered credit line, expanding its long-term funding through local currency instruments targeted at domestic investors.
What are the key terms of Banco Santander-Chile’s Series BA bonds (BSTDBA0225)?
The Series BA bonds, ticker BSTDBA0225, have a total amount of 597,000 UF and mature on August 1, 2032. They are dematerialized bearer bonds placed in the local market, designed to provide long-term funding in inflation-indexed UF units.
What interest rate did Banco Santander-Chile achieve on the new bond placement?
The bank achieved an average placement rate of 2.725% on the Series BA bonds. This fixed rate applies to the 597,000 UF issuance, providing investors with predictable income while securing medium- to long-term funding costs for Banco Santander-Chile.
Under which credit line were Banco Santander-Chile’s new bonds issued?
The 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 structured bond series in the Chilean local market.
When do Banco Santander-Chile’s newly issued Series BA bonds mature?
The Series BA bonds mature on August 1, 2032, giving them a medium- to long-term tenor from the February 16, 2026 placement date. This maturity profile helps the bank match long-term funding with its asset structure and lending activities.
