Pine Leads Brazilians into Huaso Market

Dec 14, 2012

Banco Pine has become the first Brazilian Huaso bond issuer, raising UF1.5m ($72m) in Chile’s domestic bond market. The sale comes as several issuers had contemplated the asset class since its inception more than three years ago, with limited results. “It will open the doors for new companies to come to Chile to diversify the...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management