Shearman & Sterling instructed on $185 million Formosa bond offering by Santander Chile

Shearman & Sterling advised the lead managers on a $185 million five-year Formosa bond offering by Banco Santander Chile. 

Crédit Agricole, Cathay United, Standard Chartered Bank, Bank of Taiwan and SinoPac Securities were the joint managers in the transaction.

Santander Chile is a subsidiary of Santander, the Spanish global finance group, and is the largest bank in Chile in terms of assets and loans. Both companies are listed on the New York Stock Exchange.

According to Wikipedia, a Formosa bond is a bond issued in Taiwan but denominated in a currency other than the New Taiwan Dollar. They are issued by the Taiwan branches of publicly traded overseas financial institutions and to be traded must have a credit rating of BBB or higher.

 The Shearman & Sterling team included lawyers in New York and Sao Paulo and it was led by partner Stuart Fleischmann.

Shearman & Sterling instructed on $185 million Formosa bond offering by Santander Chile

Ignacio Abella

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram