December 4, 2013
Chile’s Clinica Las Condes will head to the market Thursday to sell UF1m ($
Chile’s Clinica Las Condes will head to the market Thursday to sell UF1m ($44m) in domestic bonds, according to regulatory notices. The health services provider is able to offer debt from three tranches, all UF-denominated and paying a 3.95% coupon. Two 21-year tranches come with a 10-year grace period, and a 26-year tranche comes with a 5-year grace period. Las Condes is raising funds for expansion projects. BICE is managing the transaction, rated AA+/AA+ on a national scale.