Banco Santander Chile Announces Pricing of Public Secondary Offering

Published on Wednesday, 07 December 2011 07:57 Written by TradersHuddle Staff

NEW YORK, Dec. 7, 2011 /PRNewswire/ -- Banco Santander Chile (NYSE: SAN) announced today the pricing of the previously announced public secondary offering of 14,741,593,828 shares of its common stock, including in the form of American Depositary Shares, or ADSs, held by Teatinos Siglo XXI Inversiones Ltda., at a price to the public of Ch$ 33.00 per share or US$ 66.8779 per ADS. The offering is expected to close on December 12, 2011, subject to customary closing conditions.  Santander-Chile will not receive any proceeds from the sale of these ADSs. Teatinos Siglo XXI Inversiones Ltda. is controlled by Banco Santander S.A., the controlling shareholder of Santander-Chile.

Santander, BofA Merrill Lynch, and Credit Suisse are acting as joint book-running managers for the offering. Citigroup is acting as co-manager for the offering.

The offering is being made pursuant to Santander-Chile's effective shelf registration statement. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to one of the following:  

Santander

Attention: Natasha King

45 East 53rd Street

New York, New York 10022

Telephone: 212 583-4629

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

BofA Merrill Lynch

Attention: Prospectus Department

4 World Financial Center

New York, NY 10080

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Credit Suisse

Attention: Prospectus Department

One Madison Avenue

New York, New York 10010

Telephone: (800) 221-1037

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Citi

Attention: Prospectus Department

Brooklyn Army Terminal

140 58th Street, 8th floor

Brooklyn, New York 11220

Telephone: (800) 831-9146

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

A registration statement relating to these securities has been filed, and became effective upon filing, with the U.S. Securities and Exchange Commission.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.  Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.  

About Banco Santander-Chile

Banco Santander-Chile is the largest bank in Chile in terms of total assets, total deposits and shareholders' equity. As of September 30, 2011, it had total assets of Ch$ 25,655,815 million (US$ 49,371 million), loans net of allowances for loans losses of Ch$ 17,283,814 million (US$ 33,260 million), total deposits of Ch$ 13,892,003 million (US$ 26,733 million) and shareholders' equity of Ch$ 2,020,737 million (US$ 3,889 million). As of September 30, 2011, it employed 11,706 people (on a consolidated basis) and had the largest private branch network in Chile with 494 branches. It is headquartered in Santiago, and it operates in every region in Chile.

SOURCE Banco Santander Chile