Banco Santander Chile's announced its first green bond under its ESG Framework to finance green mortgages. Santander Chile placed its first green bond under its ESG Framework incorporating ESG (Environmental, Social and Governance) criteria, focusing on the green mortgage product. The instrument was placed privately to a Japanese investor with the advice of Daiwa Securities Capital Markets, for an amount of JPY 8,000 million, equivalent to USD 53 million, for a term of two years and with a rate of 0.845%.

The objective of the transaction is to refinance or finance new green mortgage operations, a product delivered by the Bank for the purchase of homes, based on energy efficiency certifications existing in the industry, and that benefits clients with a preferential rate. This is the first green bond with use of funds for green mortgages in the country.