Banco Santander-Chile has completed the placement of USD 700 million in perpetual Additional Tier 1 (AT1) capital bonds. The AT1-2026 Bonds were fully acquired by an entity within the Santander Group and bear interest at a rate of 8.0% per annum, payable semi-annually on April 26 and October 26, starting April 26, 2027. These bonds have no fixed maturity date and cannot be redeemed until five years after issuance. The transaction complies with Chilean banking regulations and was placed under Regulation S. Banco Santander-Chile operates as a commercial bank in Chile.
