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The Republic of Chile - Exchange Offer (US Offer) - Update

Updated: Jun 29, 2023

Exchange Offers for U.S. Dollar-Denominated Notes: Correction of Typographical Errors and Inconsistencies

28 JUNE 2023


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


"Santiago, Chile: On June 27, 2023, the Republic of Chile (“Chile”) published a prospectus supplement (the “Prospectus Supplement”) setting forth the terms of its invitation to holders of each series of Eligible Notes listed on the inside front cover of the Prospectus Supplement to submit offers to exchange them for New Notes (the “Invitation”). Chile is publishing this press release for the convenience of holders of Eligible Notes solely to correct typographical errors and inconsistencies noted in the Prospectus Supplement. Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Prospectus Supplement.


Except as expressly amended hereby to the extent specifically provided herein, all terms of the Invitation contemplated in the Prospectus Supplement and all other disclosures set forth in the Prospectus Supplement remain unchanged and are hereby expressly incorporated into this press release."



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Chile Announces Exchange Offers for U.S. Dollar-Denominated Notes

27 JUNE 2023


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


"SANTIAGO, Chile, June 27, 2023 /PRNewswire/ -- Today, the Republic of Chile ("Chile") offered US$1.15 billion 4.950% Notes due 2036 (the "2036 Notes") and US$1.1 billion 5.330% Notes due 2054 (the "2054 Notes" and, together with the 2036 Notes, the "New Notes") for cash (the "New Notes Offering"), and announced the commencement of exchange offers for U.S. dollar-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 "Group A Notes" and the "Group B Notes", which are collectively referred to herein as the "Eligible Notes"), subject to certain conditions set forth in invitation materials, to tender Eligible Notes in exchange for additional 2036 Notes or 2054 Notes, which, if issued, will be consolidated, form a single series, and be fully fungible with the corresponding series of New Notes offered pursuant to the New Notes Offering. Holders of Group A Notes are invited to submit offers to exchange them for either 2036 Notes or 2054 Notes, and holders of Group B Notes are invited to submit offers to exchange them for 2054 Notes. The aggregate outstanding principal amount of Eligible Notes is approximately US$6.48 billion.


The Invitation will expire at 5:00 p.m., New York City time, 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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