February 12, 2013
Banco Bice is preparing a $200m dollar-denominated bond sale in Chile’s dom
Banco Bice is preparing a $200m dollar-denominated bond sale in Chile’s domestic market, according to a person familiar with the Chilean bank’s plans. The deal is expected to have three tranches – an $80m, 5-year tranche with a 3.50% coupon, a $60m, 7-year tranche with a 4.00% coupon, and a $60m, 10-year tranche with a 4.50% coupon. Bice will lead the deal itself, for which timing has not been determined. Bice is rated AA on a national scale.