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6-K ·Filed May 20, 2026

BSAC

BANCO SANTANDER CHILE
NEUTRAL
Impact 2/10
Horizonimmediate Processed5mo ago SEC0001027552-26-000085
Notable filing: 6-K
Actionable Insight • Neutral

No trading action warranted — this is routine local-market bond placement. The 6.10% coupon on a 5.3-year tenor is standard for a Chilean bank of BSAC's credit quality. No impact on ADR holders or common equity. Monitor broader macroeconomic trends (Chilean rates, inflation) for more relevant signals.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d ⚠ clustered
BSAC ▲ +10.52% at T+60d
NEUTRAL call +10.52% · α vs SPY +5.52% · entry $31.26 → $34.55
Entry = T+0 close
May 20, 2026
via day close
T+1d
+0.80%
call +0.80% · α +0.61%
$31.51
settled 5mo ago
T+5d
+2.78%
call +2.78% · α +1.55%
$32.13
settled 5mo ago
T+20d
+4.41%
call +4.41% · α +3.67%
$32.64
settled 4mo ago
T+60d
+10.52%
call +10.52% · α +5.52%
$34.55
settled 2mo ago

Price Chart

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Executive Summary

Banco Santander-Chile placed Ch$25 billion (~$28M USD) in Series BF bonds in the local market at a 6.10% average rate, with a September 2031 maturity. This is a routine debt capital management transaction that provides marginal funding diversification but has no material impact on earnings, credit quality, or the bank's ADR valuation.

Key Facts

  • Ch$25 billion (Chilean pesos) of Series BF bonds placed on May 19, 2026
  • Bonds mature September 1, 2031 (approx. 5.3 years)
  • Average placement rate: 6.10%
  • Issued under existing credit line registered April 30, 2025 (Registry No. 20240007)
  • This is a local-market bond issuance, not an equity or ADR-related event

Financial Impact

Ch$25,000,000,000 (approximately US$28 million) at 6.10% fixed rate for ~5.3 years

debtfunding cost

Risk Factors

  • Emerging-market interest rate shifts could affect future refinancing costs
  • No material risk identified from this specific transaction

Market Snapshot

Exchange
NYSE
Sector
Commercial Banks, NEC
Analyst Consensus
63% bullish (16 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001027552-26-000085
Document: material_fact.htm0001027552-26-000085
Document: 0001027552-26-000085-index-headers.html0001027552-26-000085
Document: 0001027552-26-000085-index.html0001027552-26-000085
Document: 0001027552-26-000085.txt0001027552-26-000085
27 reports for BSAC
Performance horizon
67% Hit rate @ T+60 2 of 3 directional calls Went positive at some point 3 of 3 best @ T+60▲ +9.45%Apr 29, 2026
Filters
Rows
Reports for BSAC — sortable, filterable
TypeNow
Oct 27, 2026
today
6-K
NEUTRAL ★ 3/10
$31.99awaiting T+60—$31.78 (−0.66%)
Oct 22, 2026
5d ago
6-K
NEUTRAL ★ 3/10
$31.96awaiting T+60—$31.78 (−0.56%)
Oct 13, 2026
14d ago
6-K
NEUTRAL ★ 3/10
$32.19awaiting T+60—$31.78 (−1.27%)
Sep 25, 2026
4w ago
Press Release
NEUTRAL ★ 1/10
$34.37awaiting T+60—$31.78 (−7.54%)
Sep 23, 2026
4w ago
6-K
NEUTRAL ★ 2/10
$33.78awaiting T+60—$31.78 (−5.92%)
Sep 10, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$35.27awaiting T+60—$31.78 (−9.90%)
Aug 20, 2026
9w ago
6-K
NEUTRAL ★ 3/10
$34.57awaiting T+60—$31.78 (−8.07%)
Aug 12, 2026
10w ago
6-K
NEUTRAL ★ 3/10
$34.28awaiting T+60—$31.78 (−7.29%)
Aug 12, 2026
10w ago
6-K
NEUTRAL ★ 3/10
$34.01awaiting T+60—$31.78 (−6.56%)
Aug 11, 2026
11w ago
6-K
NEUTRAL ★ 2/10
$35.03awaiting T+60—$31.78 (−9.28%)
Showing 10 of 27

US Market Status

Market Closed — Opens Thu (10h 48m)

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Report published May 20, 2026