Banco del Estado de Chile’s $500 Million Notes Offering

Davis Polk advised the dealers in connection with a Rule 144A and Regulation S offering by Banco del Estado de Chile of $500 million aggregate principal amount of 2.668% senior notes due 2021 under Banco Estado’s medium-term notes program.

Citigroup, Bank of America, JP Morgan and HSBC acted as dealers in the offering.

Banco Estado is the fourth-largest financial institution in Chile in terms of aggregate loans, the largest in terms of number of customers and geographic coverage (in terms of number of Chilean cities with a branch) and the market leader in Chile in residential mortgages (in terms of the number of loans made).

The Davis Polk team included Maurice Blanco (Picture), Drew Glover and Konstantinos Papadopoulos. The tax team included Lucy W. Farr and Catherine L. Chu.


Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; Drew Glover – Davis Polk & Wardwell; Konstantinos Papadopoulos – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Catherine Chu – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Inc.; HSBC; JP Morgan; Bank of America;



Author: Ambrogio Visconti.