Search form

News 2017

BancoEstado successfully issued a Social Responsible Instrument bond in Australian dollars

.

, May 09, 2017. 10:00

First international issuance of a Chilean bank on the 10 years space to tap Australian dollars

BancoEstado issued AUD 110 million (Australian dollars) in a 10 years transaction, becoming the first Chilean bank to access that tenor with a ’Women Bond’, as reported by its chief financial officer, Mr. Carlos Martabit.

“BancoEstado accounts with over 6 million customers who are women, from which 42% are part of our microfinance portfolio and have been supported by our ‘Crece Mujer Emprendedora’ Program”, pointed de executive.

Mr. Martabit stated, “BancoEstado has been a pioneer in our country issuing this type of instruments, which are becoming a trend in the international markets. It is the fifth currency that we issued and shows the international investors confidence, including Japanese investors where we have been developing a long term relationship,  who invest in a 10 year tenor with BancoEstado”.

In this opportunity, BancoEstado was advised by Daiwa.

BancoEstado has an excellent condition of stability, solvency and one of the best ratings in the Chilean financial system, offering investor profitable, safe and reliable financial instruments.