FORM 6-K
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16
or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 001-14554
Banco Santander Chile
Santander Chile Bank
(Translation of Registrant’s Name into English)
Bandera 140
Santiago, Chile
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | ☒ | Form 40-F | ☐ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Yes | ☐ | No | ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Yes | ☐ | No | ☒ |
Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
| Yes | ☐ | No | ☒ |
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
EXHIBIT INDEX
| EXHIBIT NO. | DESCRIPTION | |
| 99.1 | Press Release |
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BANCO SANTANDER-CHILE | ||
| By: | /s/ Cristian Florence | |
| Name: | Cristian Florence | |
| Title: | General Counsel | |
Date: October 13, 2021
2
Exhibit 99.1
Santander Chile returns to the Swiss market with a successful five-year transaction
In a challenging environment, Santander Chile confirms its excellent position with international investors. The bank issued CHF 190 million over five years in the public market.
Tuesday, October 12, 2021. Santander Chile returns to the international market and successfully issues a bond in Swiss francs for CHF 190 million (equivalent to US $ 205 million) for a five-year term, achieving a spread of 60 basis points over the reference rate, which is equivalent to a coupon of 0.2975%.
This issue once again confirms the excellent reception of Santander Chile’s credit in foreign markets, at times of local uncertainty. This transaction received great interest and demand from investors, and represents the second in this market during the year, after the placement of CHF 150 million last June. With this new instrument, Santander Chile’s position in the Swiss franc market is around CHF 925 million (about US $ 1 billion), and it is consolidated as the second most relevant market within the financing diversification strategy of the Bank, reaching around 30% of total foreign debt.
For Emiliano Muratore, Santander’s Chief Financial Officer, “this new issue reflects the good position that the Bank maintains on the international scene. Despite the current uncertainty faced by the markets, we managed to place a relevant amount in a competitive public market, benefitting from the advantages and allowing us to continue the diversification of our investor base and financing sources”.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, nor will there be any sale of the notes, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.
About Banco Santander
Banco Santander Chile is the largest bank in the Chilean market. As of June 30, 2021, it has total assets of $ 58,813 billion, net loans of provisions of $ 33,719 billion, deposits of $ 29,478 billion, and total equity of $ 3,418 billion. In addition, it has 344 branches, 1,257 ATMs and 10,240 employees. The BIS capital ratio as of June 2021 was 14.7%, with a basic capital ratio of 10.1%. Furthermore, Banco Santander Chile is one of the companies with the best risk ratings in Latin America with a rating of A1 from Moody’s and A from Standard and Poor’s.