Nachrichten June 21, 2017

Shearman & Sterling Advises on Republic of Chile’s Notes Offerings and “Switch” Tender Offer

Shearman & Sterling represented Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC as underwriters in the Republic of Chile’s issuance of  US$1,541,831,000, 3.860% notes due 2047 and €700,000,000, 1.875% notes due 2030.  The offerings were made in an SEC-registered transaction and occurred contemporaneously with a “switch tender” invitation to holders of specified outstanding series of Chile’s notes, whereby such holders were offered the right to purchase these notes, with preference given to holders who agreed to purchase Chile’s new notes.


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