Banco Santander-Chile issues long-term local bonds

Banco Santander-Chile reported new local bond financing in Chile.

Rhea-AI Filing Summary

Banco Santander-Chile reported new local bond financing in Chile. On May 8, 2026, the bank placed Series AA-5 dematerialized bearer bonds under an existing CMF-registered credit line for a total of 1,500,000 UF, maturing on February 1, 2032, at an average rate of 2.56%.

It also issued BG Series dematerialized bearer bonds for 57,000,000,000 pesos under a separate CMF-registered credit line, maturing on July 1, 2032, with an average placement rate of 6.02%. These long-term issuances expand the bank’s local market funding in inflation-indexed and peso instruments.

Insights

Bank funding and capital markets analyst

Santander-Chile adds long-dated local funding in UF and pesos.

Banco Santander-Chile is tapping Chile’s domestic bond market through two CMF-registered credit lines. It placed 1,500,000 UF Series AA-5 bonds and 57,000,000,000 peso BG Series bonds, both as dematerialized bearer instruments with 2032 maturities.

The UF tranche carries a 2.56% average rate and the peso tranche a 6.02% average rate, which reflect their different indexation and currency profiles. These bonds lengthen the bank’s liability profile, potentially supporting longer-term lending, though overall balance-sheet impact depends on its existing funding mix.

Investors watching BSAC can use these details to understand how the bank finances itself in local markets and how its interest costs differ between UF and peso funding. Subsequent company filings may further explain how this funding supports loans or other assets over the period to 2032.

Key Figures

Series AA-5 bond amount: 1,500,000 UF Series AA-5 average rate: 2.56% Series AA-5 maturity: February 1, 2032 +5 more

8 metrics

Series AA-5 bond amount 1,500,000 UF Total AA-5 bonds placed in local market

Series AA-5 average rate 2.56% Average placement rate for AA-5 UF bonds

Series AA-5 maturity February 1, 2032 Maturity date of AA-5 UF bonds

BG Series bond amount 57,000,000,000 pesos Total BG Series bonds issued in local market

BG Series average rate 6.02% Average placement rate for BG peso bonds

BG Series maturity July 1, 2032 Maturity date of BG peso bonds

Credit line number (UF bonds) 202220013 CMF Securities Registry line used for AA-5

Credit line number (peso bonds) 20240007 CMF Securities Registry line used for BG Series

Key Terms

dematerialized bearer bonds, line of credit, CMF Securities Registry, UF, +1 more

5 terms

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.

CMF Securities Registry regulatory

"registered with the CMF Securities Registry under number 202220013"

UF financial

"Series AA-5 Bonds ... for a total amount of 1,500,000 UF"

Financial Markets Commission regulatory

"President Financial Markets Commission Present"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What bond issuance did Banco Santander-Chile (BSAC) report in May 2026?

Banco Santander-Chile reported placing Series AA-5 dematerialized bearer bonds totaling 1,500,000 UF, maturing February 1, 2032, at a 2.56% average rate. These bonds were issued in Chile’s local market under a CMF-registered credit line.

What are the terms of Banco Santander-Chile’s Series AA-5 bonds (BSTDA50822)?

The Series AA-5 bonds, ticker BSTDA50822, total 1,500,000 UF and mature on February 1, 2032. They were placed in the local Chilean market with an average placement rate of 2.56% under a CMF-registered credit line.

What peso-denominated bonds did Banco Santander-Chile (BSAC) issue in 2026?

Banco Santander-Chile issued BG Series dematerialized bearer bonds totaling 57,000,000,000 pesos, ticker BSTBBG0125. These bonds mature on July 1, 2032, and carried an average placement rate of 6.02% using a CMF-registered credit line.

Which regulatory credit lines did Banco Santander-Chile use for these bonds?

The bank used a CMF Securities Registry line numbered 202220013, registered November 15, 2022, for the 1,500,000 UF Series AA-5 bonds. It used a separate CMF line numbered 20240007, dated April 30, 2025, for the 57,000,000,000 peso BG Series bonds.

What is the maturity profile of Banco Santander-Chile’s new bonds?

The Series AA-5 UF bonds mature on February 1, 2032, while the BG Series peso bonds mature on July 1, 2032. Both instruments provide long-term funding in the Chilean market, potentially supporting longer-dated banking activities and asset growth through 2032.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Accepted by SEC EDGAR 05/11/2026 - 02:43 PM Learn about SEC filing dates

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 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 11, 2026

Santiago, May 08, 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 08, 2026, the Bank placed dematerialized bearer bonds in the local market, using the line of credit registered with the CMF Securities Registry under number 202220013 on November 15, 2022. The specific terms of these placements were as follows:

- Series AA-5 Bonds, ticker symbol BSTDA50822, for a total amount of 1,500,000 UF, maturing on February 1, 2032. The average placement rate for the bonds was 2.56%.

Additionally, the Bank issued dematerialized bearer bonds in the local market, using the line of credit registered with the CMF Securities Registry under number 20240007, dated April 30, 2025. The specific terms of these issuances were as follows:

- BG Series Bonds, ticker symbol BSTBBG0125, for a total amount of 57,000,000,000 pesos, maturing on July 1, 2032. The average placement rate for these bonds was 6.02%.

            Sincerely,

Patricia Pérez Pallacán

CFO

C.c:

- Stock Exchange

- Chilean Electronic Exchange

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99 EX-99 5.9 KB