Pine Nears Huaso Try

Pine Nears Huaso Try

Brazil Chile Bonds

Brazil’s Banco Pine is preparing a bond issuance in Chile, according to regulatory documents. The bank plans a UF1.5m ($72m) 5-year bullet bond with a 6% coupon. In September, Pine was heard meeting investors to discuss a so-called Huaso bond, with JPMorgan and Celfin managing the process. The mid-size Brazilian lender has registered a UF6m program of up to 10 years in Chile, which Fitch assigns an A minus national-scale rating. The company is looking to diversify its funding, while Chilean inve

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