Santander Chile places debut 'Kangaroo' bond

SANTIAGO, March 6 (Reuters) - Santander Chile said it placed a three-year $115 million bond in Australia on Thursday in the first issuance of its kind by a Latin American bank.

The bank, one of Chile's largest, issued the A$125 million 'Kangaroo bond' - a bond issued from abroad but denominated in Australian dollars - with a coupon rate of 4.5 percent.

"Transactions like this are a true reflection of the constant work done in recent years in the region, where investors from major markets recognize Banco Santander Chile, and Chile as a safe and reliable place to invest," Santander bank official Pedro Murua said in a statement.

The lead managers were Deutsche Bank and the Bank of America Merrill Lynch.

(Reporting by Jade Hobman; Editing by Tom Brown)

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Keywords: CHILE KANGAROO/BOND