Banco Santander-Chile (NYSE: BSAC) sells USD 10,000,000 SOFR-linked bond
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Banco Santander-Chile issued a dollar-denominated bond for USD 10,000,000 under its EMTN program. The bond settles on July 15, 2026 and matures on July 15, 2031, with a placement rate set at SOFR+89, indicating interest payments linked to the secured overnight financing rate plus a fixed spread.
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Key Figures
Bond amount: USD 10,000,000
Settlement date: July 15, 2026
Maturity date: July 15, 2031
+2 more
5 metrics
Bond amount
USD 10,000,000
Dollar bond issued under EMTN program
Settlement date
July 15, 2026
Bond settlement date
Maturity date
July 15, 2031
Bond maturity
Placement rate spread
SOFR+89
Interest rate over SOFR
Law reference
Law No. 18,045
Securities Market law cited in disclosure
Key Terms
Material Fact, EMTN program, SOFR, Commission for the Financial Market, +1 more
5 terms
Material Fact regulatory
"hereby report as a Material Fact regarding Banco Santander-Chile"
EMTN program financial
"a bond was issued in dollars through our EMTN program"
SOFR financial
"maturing on July 15, 2031 at a placement rate of SOFR+89"
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.
Commission for the Financial Market regulatory
"General Rule No. 30 of the Commission for the Financial Market"
Law No. 18,045 regulatory
"In compliance with the provisions of article 9 and subsection 2 of article 10 of Law No. 18,045"
FAQ
What bond did Banco Santander-Chile (BSAC) issue in July 2026?
Banco Santander-Chile issued a dollar bond for USD 10,000,000 through its EMTN program. The bond is part of the bank’s funding activities and is disclosed as a Material Fact to the Chilean Financial Markets Commission.
What are the key dates for Banco Santander-Chile’s new bond?
The bond was issued as of July 8, 2026, with a settlement date of July 15, 2026. It has a final maturity on July 15, 2031, giving it a five-year term from settlement to maturity.
What interest rate does Banco Santander-Chile’s USD 10,000,000 bond pay?
The bond carries a placement rate of SOFR+89, meaning investors receive the secured overnight financing rate plus an 89-basis-point spread. This floating-rate structure links interest payments to prevailing short-term U.S. dollar funding costs.
Under which program was Banco Santander-Chile’s July 2026 bond issued?
The USD 10,000,000 bond was issued under Banco Santander-Chile’s EMTN program. This program allows the bank to issue medium-term notes in international markets, providing flexible access to foreign currency funding when conditions are suitable.
Who reported the Banco Santander-Chile bond as a Material Fact?
The issuance was reported as a Material Fact by Banco Santander-Chile’s CFO, Patricia Pérez Pallacán. The information was formally addressed to the President of the Chilean Financial Markets Commission in Santiago on July 8, 2026.
