December 1, 2011
Dutch bank Rabobank has delayed its plans to sell UF2.5m ($105m) in 5-year
Dutch bank Rabobank has delayed its plans to sell UF2.5m ($105m) in 5-year bullet bonds in the Chilean market. Expected to issue today, the bank has chosen instead to see how the situation in Europe evolves, says a person familiar with the deal. A UF-denominated tranche is expected to have a 3.05% coupon, and a peso tranche a 6.05% coupon. Proceeds will be used to fund the bank's operations. The bond is rated AAA on a national scale. Celfin and Deutsche Bank are managing.