Santander sees Chilean covered return in 2013
Banco Santander Chile expects to sell a second covered bond before the end of this year after its inaugural issue last week – the first from the country – beat its own expectations, the bank’s financial manager, Emiliano Muratore, has told EuroWeek.
Muratore also revealed that the Chilean lender is in preliminary discussions with international rating agencies over shadow ratings to see how feasible a similar deal sold to international investors would be, although this project would not materialise in the next 12-18 months.
The bank has a AAA rating
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