Four firms steer Banco del Estado de Chile debt tap
Eloise Hardy

Cleary Gottlieb Steen & Hamilton LLP in New York and Buenos Aires and Claro & Cía in Santiago have helped Banco del Estado de Chile issue unsecured notes for US$5 billion.

Davis Polk & Wardwell LLP in New York and Carey in Santiago advised Deutsche Bank as dealer manager. The deal closed on 22 April.

The notes have a fixed interest rate and a maturity of at least one year, but no more than 30 years from the date of issue. They are also subject to redemption at the issuer’s request.

Banco del Estado de Chile is the only state-owned bank in Chile. It provides financial services to consumers and companies and performs all of the Chilean government's financial activities, including liability management transactions, treasury services and payments such as payroll and pensions.

Counsel to Banco del Estado de Chile

Cleary Gottlieb Steen & Hamilton LLP

Partner Jason Factor and associates Ignacio Lagos, Michael Sims and Juan Ignacio Leguízamo in New York, and partner Andrés de la Cruz and counsel Emilio Minvielle in Buenos Aires

Claro & Cía

Partner José Luis Ambrosy and associates Trinidad Rojas, Josefina Covarrubias and Josefina Ayala in Santiago

Counsel to Deutsche Bank

Davis Polk & Wardwell LLP

Partner Maurice Blanco and counsel Konstantinos Papadopoulos in New York


Partners Diego Peralta and Manuel José Garcés, and associates José Ignacio Mercado, Stefano de Cristofaro, Elías Mohor, Paluska Solar, Antonio Dourthe, Nadia Jara and Kriss Andía in Santiago

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