Linklaters advises the Republic of Chile on international offering of Euroclearable peso-denominated social bonds

Linklaters has advised the Republic of Chile on the global offering of its peso-denominated 6.0% Bonds due April 1, 2033, totaling approximately US$2.2 billion (CLP$1.75 trillion), through a book-building process, with simultaneous offerings in local and international markets.

The Republic of Chile intends to use the net proceeds to finance projects the qualify as eligible social expenditures under its Sustainable Bond Framework. It was reported that orders came in at over US$6 billion, with international investors making up 57% of the total demand.

The Linklaters team was led by partner Conrado Tenaglia and counsel Alejandro Gordano, alongside partner Gabriel Grossman (Tax) and associate Matthew Russo (Tax), associate Mario Lercari and foreign attorney Manuel Eyzaguirre.

Linklaters continues to be at the forefront of the growth in the green and social bonds market, with experience spanning the firm's Latin American, North American, European, and Asian offices.