Santander Chile offers a variety of fixed income instruments to investors around the world, raising funding across different geographies as well. The main sources of funding for the Bank are:

1. Demand deposits: In Chile, current accounts are not interest-bearing.
2. Time deposits: In Chile, time deposits tend to be relatively short-term and large proportion of them are payable within 90 days.
3. Long-term debt: Issued to primarily fund our long-term assets, such as mortgages.

Santander Chile maintains a strong investment grade rating. See more information under Our Ratings.

Bonds

We have senior and subordinated bonds, through both public and private placements. The Chilean bond market is deep due to the structure of the economy: local pension funds seek long-term investing in local currency, through Chilean pesos or the inflation-linked currency, the UF.

Santander Chile also has an MTN Program. This program ensures the bank has flexibility when choosing maturity, coupon, currency and the investor base. We currently issue in the following currencies: Euros, Swiss francs, Japanese yen, Australian dollars, and U.S. dollars.