Bladex to Swap UF Bonds to Dollars

Bladex to Swap UF Bonds to Dollars

Bonds Structured Finance

Panama-based trade finance bank Bladex intends to swap the UF funds into dollars, treasury vice president Gregory Testerman tells LatinFinance. The bank has been expected to issue up to UF2.5m ($109m) in bonds in Chile. Testerman says that issuance could take place any day given strong investor demand. However, the bank is waiting for the best conditions for the swap to finally issue the bonds. Earlier this month, the Chilean central bank announced it would intervene in the market to control the

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