Davis Polk advised the initial purchasers in connection with the offering by Empresa de Transporte de Pasajeros Metro S.A. (Metro de Santiago) of $500 million aggregate principal amount of its 5.000% notes due 2047. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.

Metro de Santiago is 100% owned by the Government of Chile and is the sole operator of the subway system in the metropolitan region of Santiago, Chile.

The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener. Partner David H. Schnabel and associate Elina Khodorkovsky.  All members of the Davis Polk team are based in the New York office.