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
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