Recent Updates — BSAC
On October 21, 2026, Banco Santander-Chile issued a perpetual Additional Tier 1 (AT1) capital bond for USD 700 million with an annual interest rate of 8.0%. The proceeds were used to redeem the AT1 bond originally issued in October 2021 on the same date. Interest on the new issuance will be paid semi-annually in April and October. This refinancing supports the bank's capital adequacy, which stood at a CET1 ratio of 10.9% as of September 30, 2026. The bank operates as a leading financial services provider in Chile.
As of October 26, 2026, Banco Santander-Chile completed the full redemption of its USD 700 million Additional Tier 1 (AT1) perpetual bonds originally issued in October 2021. The redemption was financed through the proceeds from a new issuance of AT1 perpetual bonds placed on October 21, 2026. This refinancing activity replaces existing capital instruments with new ones to maintain regulatory capital adequacy. Banco Santander-Chile operates as a major commercial bank in Chile.
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.
On September 10, 2026, Banco Santander-Chile notified the Financial Markets Commission that alternate director Alfonso Gómez Morales tendered his resignation as Chairman of the Board with immediate effect for personal reasons. The banking industry
Banco Santander-Chile placed dematerialized bearer bonds in the local market on September 10, 2026, utilizing an existing credit line registered with the Financial Markets Commission. The issuance consisted of Series AA-14 Bonds (ticker BSTD141223) totaling 293,000 UF, maturing on December 1, 2028, at an average placement rate of 2.10%. This financing activity represents a routine debt issuance under pre-approved limits and does not materially alter the company's risk profile or operational outlook. Banco Santander-Chile operates as a commercial bank providing financial services in Chile.