Nachrichten July 02, 2019

Latin America's First Euro Sovereign Green Bond

Shearman & Sterling represented Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc, and Société Générale as underwriters in connection with an SEC-registered offering by the Republic of Chile of €861 million aggregate principal amount of the Republic’s 0.830 percent notes due 2031. The offering of the notes priced on June 25, 2019 and closed on July 2, 2019.

The Republic intends to invest an amount equal to the proceeds from the sale of the notes into projects that may qualify as “eligible green expenditures” under the Republic’s Green Bond Framework, making this the first Euro green bond sovereign issuance in Latin America.

The Team