Pine Starts Huaso Roadshow

Pine Starts Huaso Roadshow

Brazil Chile Bonds

Brazil’s Banco Pine is understood to be starting its roadshow for a so-called Huaso bond in Chile’s local bond market. The mid-size Brazilian lender has registered a UF6m ($282m) program of up to 10 years, sources say. Fitch assigns it an A minus national-scale rating. Pine’s program covers issuance in UF, CLP or USD, with proceeds supporting the bank's growth. Pine has hired JPMorgan and Celfin to manage the process, according to people familiar with the plan, for which the issue date remains u

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