The Firm recently represented Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc., Santander Investment Securities Inc. and Scotia Capital (USA) Inc., as initial purchasers, in connection with the offering by the Republic of Chile of Ps.1 trillion aggregate principal amount of its 7% Bonds due May 1, 2034, in reliance on the exemptions from registration under Rule 144A and Regulation S.
The Republic of Chile intends to invest an amount equal to the net proceeds from the sale of the bonds in the global offering to fund budgetary programs that qualify as “eligible green expenditures” and “eligible social expenditures” under Chile’s Sustainable Bond.
The Simpson Thacher team for the transaction included Jaime Mercado, Juan Francisco Mendez, Kirsten L. Davis, Francisco Ducci and Juan Pablo Guzman (Capital Markets); and Jonathan Cantor and Michael Slomovics (Tax).