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Article: Banco Santander-Chile Announces Results of Exchange Offer.
- Article from:
- PR Newswire
- Article date:
- January 16, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SANTIAGO, Chile -- SANTIAGO, Chile, Jan. 16 /PRNewswire/ -- Banco Santander-Chile (the Bank") today announced that its offer to exchange its new subordinated notes due 2012 (the "New Notes") for any and all of its outstanding 7% subordinated notes due 2007 (the "Old Notes") had expired at noon, New York City time, today, January 16.
A total of US$221,961,000 principal amount of Old Notes was tendered and has been accepted by the Bank. Upon consummation of the exchange offer, the tendering holders will receive, in exchange for each US$1,000 principal amount of such tendered Old Notes:
US$1,000 principal amount of New Notes with an annual interest rate ...