Shearman And Sterling

News May 12, 2020

The Republic of Chile's $1.5 Billion and €500 Million Notes Offerings

Shearman & Sterling LLP represented Citigroup Global Markets Inc., Itau BBA USA Securities, Inc. and Scotia Capital (USA) Inc., as underwriters, in connection with the SEC-registered offerings by the Republic of Chile of $1.458 billion aggregate principal amount of its 2.450 percent notes due 2031 and an additional €500 million aggregate principal amount of its existing 1.625 percent notes due 2025.

Chile intends to use the net proceeds from the sales of both the U.S. Dollar and Euro notes for general purposes of the government, including to partially fund Chile’s COVID-19 relief and recovery efforts.

The Shearman & Sterling team below also included visiting attorney Gonzalo Robles.

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