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Banco Santander-Chile (NYSE: BSAC) sells USD 10,000,000 SOFR-linked bond

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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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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
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"
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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.


 
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 July, 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: July 8, 2026
 
 
 


image_0.jpg
Santiago, July 8, 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, July 8, 2026, and with a settlement date of July 15, 2026, a bond was issued in dollars through our EMTN program for an amount of USD 10,000,000, maturing on July 15, 2031 at a placement rate of SOFR+89.


            Sincerely,
Patricia Pérez Pallacán
CFO

C.c:
- Stock Exchange
- Chilean Electronic Exchange

Filing Exhibits & Attachments

1 document