Forum Delays Expected Issue

Forum Delays Expected Issue

Chile Bonds

Chilean auto lender Forum has delayed its approximately UF1m ($42.7m) local bond issue until at least January, says CEO Raul Aronsohn. The company, which was expected to issue this week, had anticipated better market conditions, but high local spreads have made a 2012 issue more attractive for a borrower that can afford to wait, he says. The borrower can choose between 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-link

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