NKF with Banco de Chile on notes issuance
Niederer Kraft Frey (NKF) advised issuer Banco de Chile on all Swiss law aspects in connection with the offering and issuance of senior fixed-rate social notes.
The operation
Banco de Chile has finalised the issuance of CHF 100 million in senior fixed-rate social notes. The bonds have a six-year maturity and carry an annual fixed coupon of 1.1875 percent. They are now listed on the SIX Swiss Exchange. BNP Paribas, Lancy/Geneva Branch served as lead manager on the operation.
Banco de Chile aims at directing the net proceeds from the issuance to the financing of new or existing social and environmental projects. Such initiatives will have to meet the eligibility criteria referred to under the Eligible Social Categories or Eligible Green Categories, with a focus on Women-Owned Enterprises, as specified in the Bank’s Sustainability Financing Framework.
The NKF team
Capital Markets partner Andrea Giger (pictured) led the NKF team on the matter, working alongside associate Manuel Hirlinger and partner Philip Spoerlé (all capital markets).
A&O Shearman acted as international legal counsel to Banco de Chile.
