The Republic of Chile - Exchange Offer - Launch (Euro Offer)

Chile Announces Exchange Offer for Euro-Denominated Notes

28 JUNE 2023

Full announcement including disclaimers and offer restrictions available via Luxse (Source: The Republic of Chile)

"Santiago, Chile: Today, the Republic of Chile (“Chile”) offered €750,000,000 4.125% Notes due 2034 (the “New Notes”) for cash (the “New Notes Offering”), and announced the commencement of an exchange offer for Euro-denominated notes (the “Invitation”), all as described below.

Pursuant to the Invitation, Chile is inviting holders of the notes set forth in the table below (the “Eligible Notes”), subject to certain conditions set forth in the invitation materials, to tender Eligible Notes in exchange for additional New Notes, which, if issued, will be consolidated, form a single series, and be fully fungible with the New Notes offered pursuant to the New Notes Offering. The aggregate outstanding principal amount of Eligible Notes is approximately €4.95 billion.

The Invitation will expire at 5:00 p.m., Central European Time (“CET”), on Thursday, July 6, 2023 (the “Expiration Deadline”), unless extended or early terminated by Chile at its sole discretion. Withdrawal rights will expire at the Expiration Deadline. The Invitation’s settlement is expected to take place on Wednesday, July 12, 2023 (the “Expected Settlement Date”)."

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Chile Announces Offering of Euro-Denominated New Notes and Intention to Conduct Exchange Offers

28 JUNE 2023

Full announcement including disclaimers and offer restrictions available via Prnewswire (Source: The Republic of Chile)

SANTIAGO, Chile, June 28, 2023 /PRNewswire/ -- Today, the Republic of Chile ("Chile") announced an offering of Euro-denominated Notes due 2034 (the "New Notes") for cash (the "New Notes Offering") and its intention to conduct, subject to market conditions, offers to exchange certain of its outstanding notes for newly issued notes, all as described below.

Chile intends to invite holders of the notes set forth in the table below (the "Eligible Notes"), subject to certain conditions to be set forth in invitation materials, to tender such notes in exchange for additional New Notes, which, if issued, will be consolidated, form a single series, and be fully fungible with the New Notes being offered for cash (the "Intended Invitation"). The aggregate outstanding principal amount of Eligible Notes is approximately €4.95 billion. The Intended Invitation is expected to remain open for at least five business days.

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