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Niederer Kraft Frey has advised Banco de Chile as issuer in all Swiss law aspects with respect to the offering and issuance of senior fixed-rate social notes.
Banco de Chile successfully closed the issuance of CHF 100 million senior fixed-rate social notes with a 6-year maturity and a fixed annual coupon of 1.1875 percent. The bonds are listed on SIX Swiss Exchange. The net proceeds from the issue of the notes will be used by Banco de Chile to finance new or existing social and environmental projects that meet the eligibility criteria referred to under the Eligible Social Categories or Eligible Green Categories, with a particular focus on Women-Owned Enterprises, as set out in Banco de
Chile’s Sustainability Financing Framework.
BNP Paribas, Lancy/Geneva Branch acted as lead manager. A&O Shearman acted as international legal counsel to Banco de Chile.
The NKF team was led by Capital Markets partner Andrea Giger, working with associate Manuel Hirlinger and partner Philip Spoerlé (all Capital Markets)