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A&O Shearman advises the Republic of Chile on its CLP2.1 trillion (approx. USD2.2 billion) bond offering
A&O Shearman represented the Republic of Chile in connection with its offering of 5.8% Bonds due October 1, 2029 (2029 Bonds) and 6.0% Bonds due April 1, 2033 (2033 Bonds), for an aggregate principal amount of CLP2.1 trillion (equivalent to approximately USD2.2 billion).
Chile intends to use the net proceeds from the sale of 2029 Bonds for general purposes of the government. It is Chile’s intention to invest an amount equal to the proceeds from the sale of the 2033 Bonds to fund budgetary programs that qualify as “eligible social expenditures” under its Sustainable Bond Framework.
The A&O Shearman team was led by Capital Markets partner Alejandro A. Gordano and included Capital Markets visiting attorneys Moises Gonzalez Arroyo and Marcello Pompilio, Tax partner Lorenz Haselberger and Tax associate Daniel Kachmar.
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