We advised Banco Santander Chile on the note sale

Davis Polk advised Banco Santander Chile in connection with its sale of $700 million aggregate principal amount of its 4.625% perpetual permanent write-down non-cumulative additional Tier 1 capital notes to Banco Santander, S.A., its parent company.

Banco Santander Chile is one of the largest banks in Chile in terms of total assets and loans, with operations in commercial banking, retail banking, asset management and insurance. Banco Santander Chile is a member of the Santander Group, the principal financial group in Spain and one of the largest financial groups in the world in terms of market capitalization.

The Davis Polk capital markets team included partner Nicholas A. Kronfeld and associates Thomas S. Green and Ernesto Talamás Velázquez. All members of the Davis Polk team are based in the New York office.

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