Four law firms instructed on issuance by Banco del Estado de Chile

Carey has advised the dealers, BBVA, BNP Paribas, BNY Mellon, Citigroup, Credit Suisse, Daiwa, Deutsche Bank and FTN Financial in the update of an MTN Program by Banco del Estado de Chile. 

The issuance, for $3 billion, was done via Banco del Estado´s NY branch, under Rule 144A/Reg S and registered in the Luxembourg Stock Exchange.

Partner Diego Peralta led the team at Carey advising the banks on Chilean law. The banks instructed Davis Polk & Wordwell as US counsel.

The issuer, Banco del Estado de Chile, retained Cleary Gottlieb for US law and Claro & Cía as Chilean counsel.

Ignacio Abella