December 19, 2011
Chilean auto lender Forum is readying an approximately UF1m ($43m) local bo
Chilean auto lender Forum is readying an approximately UF1m ($43m) local bond issue this week, says a person familiar with the process. The company can choose from a 2.5-year bullet in pesos with a 6.15% coupon, a 5-year bullet in pesos with a 6.3% coupon, a 2.5-year bullet in inflation-linked UFs with a coupon of 3.3% and a 5-year bullet in UFs with a 3.3% coupon. Banco Estado de Chile is managing the issue, rated AA+/AA on a national scale.