Santander Chile enters world of ESG funding with Japanese PP
Banco Santander Chile sold its first ESG-themed bond on Tuesday, raising $50m in a private placement with a Japanese investor to finance small and medium sized enterprises led by women.
Daiwa Securities managed Santander Chile’s three year private bond issue, sold at a yield of 0.71%. Proceeds will be used to finance new credit operations to SMEs led by women.
Santander Chile — rated A1/A and the country’s largest bank — was last in cross-border bond markets ...