Banco Santander-Chile (NYSE: BSAC) prices $15M SOFR-linked bond
Rhea-AI Filing Summary
Banco Santander-Chile (BSAC) reports issuing a new bond under its EMTN Programme. As of August 19, 2026, with settlement on August 26, 2026, the Bank issued a USD 15 million bond maturing on August 26, 2031 at a rate of SOFR + 90 bps.
The disclosure is made as a material fact to provide truthful, sufficient and timely information regarding the Bank, its business and publicly offered securities in accordance with Chilean securities regulations.
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Key Figures
Bond issuance size: USD 15 million
Settlement date: August 26, 2026
Maturity date: August 26, 2031
+2 more
5 metrics
Bond issuance size
USD 15 million
Size of bond issued under the EMTN Programme as of August 19, 2026
Settlement date
August 26, 2026
Settlement date of the newly issued bond
Maturity date
August 26, 2031
Maturity date of the newly issued bond
Interest rate spread
SOFR + 90 bps
Issue rate on the bond relative to SOFR
Law reference
Law No. 18,045
Chilean Securities Market Law cited in the material fact disclosure
Key Terms
EMTN Programme, SOFR, Material Fact, Financial Markets Commission, +1 more
5 terms
EMTN Programme financial
"we issued a USD 15 million bond under our EMTN Programme"
SOFR financial
"a issue rate of SOFR + 90bps"
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
Material Fact regulatory
"hereby report as a Material Fact regarding Banco Santander-Chile"
Financial Markets Commission regulatory
"President Financial Markets Commission Present"
General Rule No. 486 regulatory
"modified by General Rule No. 486 of August 31, 2022"
FAQ
What bond issuance did Banco Santander-Chile (BSAC) announce in this Form 6-K?
Banco Santander-Chile announced a USD 15 million bond issued under its EMTN Programme. The bond settles on August 26, 2026, matures on August 26, 2031, and carries an interest rate of SOFR + 90 basis points.
When does the new Banco Santander-Chile (BSAC) bond mature?
The newly issued Banco Santander-Chile bond matures on August 26, 2031. It was issued as of August 19, 2026, with a settlement date of August 26, 2026, and forms part of the Bank’s EMTN Programme funding activities.
What is the interest rate on Banco Santander-Chile’s new USD 15 million bond?
The interest rate on the new Banco Santander-Chile bond is SOFR + 90 bps. This means investors receive the Secured Overnight Financing Rate plus an additional 0.90 percentage points, reflecting a floating-rate structure under the Bank’s EMTN Programme.
Under which program did Banco Santander-Chile (BSAC) issue the August 2026 bond?
Banco Santander-Chile issued the USD 15 million bond under its EMTN Programme. The issuance is disclosed as a material fact to the Chilean Financial Market Commission, aligning with local securities law and general rules governing public securities offerings.
Why did Banco Santander-Chile disclose this bond as a material fact?
The bond issuance was reported as a Material Fact to provide truthful, sufficient and timely information about the Bank and its publicly offered securities, as required by Chilean Law No. 18,045 and related General Rules of the Financial Market Commission.
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