Deal Information

Old Bonds corresponding to Cash Tender Offers ISIN Local Code (nemotécnico) Coupon (%) Maturity
BTP-2021 (2) CL0002329671 BTP0450221 4.50 02/28/2021
BTP-2021 (3) CL0002269331 BTP0450321 4.50 03/01/2021

 

Old Bonds corresponding to Exchange Offers ISIN Local Code (nemotécnico) Coupon (%) Maturity
BTP-2021 (2) CL0002329671 BTP0450221 4.50 02/28/2021
BTP-2021 (3) CL0002269331 BTP0450321 4.50 03/01/2021

 

New Bonds corresponding to Exchange Offers ISIN Local Code (nemotécnico) Coupon (%) Maturity
BTP-2025 CL0002599166 BTP0250325 2.50 03/01/2025

 

Table 1: Old Bonds for Cash Tender Offers

Old Bonds corresponding to Cash Tender Offers (ISIN) Maximum Amount Accepted (Notional; Million of CL$) Cash Tender YTM  Equivalent Dirty Price Cash Tender Proration Ratio
CL0002329671 200,000 0.05% 102.228704615 100%
CL0002269331 100,000 0.05% 102.228179566 100%

Timing:

-Announcement of invitation to accept cash tender orders ("Cash Tender Orders"): September 17, 2020 5:00 PM Chile time (4:00 PM EST / 10:00 PM CET)

-Cash Tender Orders will be accepted from September 23, 2020 5:00 PM Chile time (4:00 PM EST / 10:00 PM CET). (after the publication of the Peso-denominated purchase price, expressed as a Yield to Maturity)

-The Period to receive Cash Tender Orders will finalize on September 25, 2020 at 09:00 AM Chile time (08:00 AM EST / 2:00 PM CET) ("Cash Tender Offer Expiration")

-The Cash Tender Proration Ratio will be pusblished on September 25, 2020 at 10:00 AM Chile time (09:00 AM EST / 3:00 PM CET), or as soon as practicable thereafter. 

-Settlement Date: September 29, 2020. 

 

Table 2: Old Bonds for Exchange Offer

Old Bonds corresponding to Exchange Offers (ISIN) New Bonds corresponding to Exchange Offers (ISIN) Maximum Amount Accepted (Notional of Old Bonds) Exchange Offer YTM  Equiv. Exchange Offer Dirty Price New Bonds YTM Equiv. New Bonds Dirty Price Exchange Offer Proration Ratio
CL0002329671 CL0002599166 No limit 0.05% 102.228704615 1.35% 105.130059013 100%
CL0002269331 CL0002599166 No limit 0.05% 102.228179566 1.35% 105.130059013 100%

Timing:

-Announcement of invitation to accept exchange orders ("Exchange Orders"): September 17, 2020 5:00 PM Chile time (4:00 PM EST / 10:00 PM CET)

-Exchange Orders will be accepted from September 25, 2020 11:30 AM Chile time (10:30 AM EST / 4:30 PM CET). (after the publication of the Peso-denominated purchase price, expressed as a Yield to Maturity)

-The Period to receive Exchange Orders will finalize on September 28, 2020 at 09:00 AM Chile time (08:00 AM EST / 2:00 PM CET) ("Exchange Offer Expiration")

-Exchange Offer Proration Ratio will be 100% (no limit of amounts to be accepted).

-Settlement Date: September 29, 2020. 

Dólar Observado (exchange rate to calculate cash payment and Fractional Differences in the Exchange Offer): 788.02

 

Investors should be aware that Euroclear will establish their own earlier deadline for participation in the Cash Tender Offers and Exchange Offers.

Note that Friday September 18, 2020 is a bank holiday in Chile and is not counted as a Chilean business day.

Investors via Euroclear can contact the Coordination Agent if they have any question: Morrow Sodali Ltd. 

Email: chile@investor.morrowsodali.com

London Stamford

103 Wigmore Street

London W1U 1QS

United Kingdom

470 West Ave., Suite 3000

Stamford, CT 06902

United States of America

 

Comparte

Tamaño de letra

Otros accesos

Ministry of
Finance
  • Where we work
  • Teatinos 120, Santiago de Chile
  • Call us
  • +56 2 2828 2000

© 2020 Ministry of Finance

Versión en español