TSE News

Banco Santander-Chile to List Yen-Denominated Foreign Bond on TOKYO PRO-BOND Market with Value of JPY 27.3 billion

Update : Apr. 16, 2014


[Tokyo Stock Exchange, Inc.]

Today, Tokyo Stock Exchange approved a yen-denominated bond with a total value of JPY 27.3 billion (Fixed-interest corporate bond: JPY 2 billion (tenor : 3 years) and JPY 18.7 billion (tenor : 5 years), Floating-interest corporate bond: JPY 6.6 billion (tenor : 3 years)) from Banco Santander-Chile (http://phx.corporate-ir.net/phoenix.zhtml?c=71614&p=irol-IRHome) for listing on the professional-oriented TOKYO PRO-BOND Market.

Banco Santander-Chile has registered program information for 1 year following April 3, 2014 with an issuance limit of JPY 200 billion. This listing will be an initial series of individual bonds in the program. The lead underwriters of this bond are Daiwa Securities Co., Ltd. and JPMorgan Securities Japan Co., Ltd. and Mizuho Securities Co., Ltd.. The subscription period will conclude on April 24, 2014, with listing following on April 25. Moreover, details on the issuance conditions of these bonds can be found in the Specified Securities Information (Supplement) of the TOKYO PRO-BOND Market website (http://www.tse.or.jp/english/rules/probond/publication-company/latest-publication.html).


TOKYO PRO-BOND Market was established in March 2012 as a professional-oriented bond market based on the "Professional-oriented Market Rules" introduced in an amendment to the Financial Instruments and Exchange Act in 2008. The market implements program listing, the standard form of corporate bond issuance in overseas markets, and English-only information disclosure. Program listing refers to a system where the fund-raising issuer registers the possible issuance amount, basic information, and financial information on TOKYO PRO-BOND Market as program information, following which it is able to issue bonds as needed within the estimated issuance amount. The market's highly flexible rules offer efficient bond issuance through simplified disclosure documents, and convenient formal requirements, such as acquiring a credit rating as the listing eligibility requirements for program information and individual bonds and securing a lead underwriter(s) specified by the exchange. From March 2012 to April 16, 2014, 7 program listings have been made.


Tokyo Stock Exchange, Inc.
New Listing Department
Tel: +81-3-3666-0141

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