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News Jan 30, 2020

The Republic of Chile’s $1.686 Billion Green Bonds Offering

Shearman & Sterling represented Crédit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC., as underwriters, in connection with the offering by the Republic of Chile of $750 million aggregate principal amount of its 2.550 percent notes due 2032 and an additional $900 million aggregate principal amount of its existing 3.500 percent notes due 2050.

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 its Green Bond Framework.

The Shearman & Sterling team below was supported by visiting attorney Miguel Torres Caro.

The Team