bci

· Bonds Issue in Switzerland ·

During September 2013, Bci issued a bond in the Swiss market for the first time, such bond amounted approximately US$ 210 million, with three year maturity.
The operation is part of a strategy to diversify global funding sources, both geographically and by investor. The operation was a success, achieving an excess of 2x.
Bci’s strong financial position as well as Chile’s healthy macroeconomic fundamentals and political stability were highly regarded by investors in such market.

Transaction Summary
Issuer Banco de Crédito e Inversiones
Ranking Senior Unsecured
Offering Size CHF $200,000,000
Tenor 3 Years
Amortization Bullet at Maturity
Issue Denominations CHF $5,000 and multiples thereof
Use of Proceeds General corporate purposes
Credit Rating A1 (Moody's) / A (S&P)
Governing Law Swiss
Joint Bookrunners Credit Suisse

 

Furthermore, during December 2013, Bci issued a second bond in the same market, amounting USD 130 million with two year maturity, which achieve an oversubscription in excess of 1,6x.

Transaction Summary
Issuer Banco de Crédito e Inversiones
Ranking Senior Unsecured
Offering Size CHF $120,000,000
Tenor 2 Years
Amortization Bullet at Maturity
Issue Denominations CHF $5,000 and multiples thereof
Use of Proceeds General corporate purposes
Credit Rating A1 (Moody's) / A (S&P)
Governing Law Swisss
Joint Bookrunners Credit Suisse / BNP Paribas

A third placement was made in June 2014, worth US$ 167 million with a five year maturity

Transaction Summary
Issuer Banco de Crédito e Inversiones
Ranking Senior Unsecured
Offering Size CHF $150,000,000
Tenor 5 Years
Amortization Bullet at Maturity
Issue Denominations CHF $5,000 and multiples thereof
Use of Proceeds General corporate purposes
Credit Rating A1 (Moody's) / A (S&P)
Governing Law Swisss
Joint Bookrunners Credit Suisse / Deutsche Bank

 

Series Amount Issued Date of Maturity Annual Interest
  (CHF $) Issue Date Rate Payments
CH0222435429 200,000,000 9/26/2013 9/26/2016 1,25% Annually
CH0230446665 120,000,000 12/23/2013 12/23/2015 0,75% Annually
CH0246788183 150,000,000 6/26/2014 6/26/2019 1,125% Annually
Total 470,000,000