Chilean Bank Prices Domestic Bonds

Chilean Bank Prices Domestic Bonds

Chile Bonds

Chile’s Banco Penta has sold UF2m ($97m) in domestic bonds, including half of the sale in a peso-denominated tranche that underscoring growing popularity for CLP among local investors. Inflation levels have created increasing interest in peso-denominated tranches versus the more dominant UF option, say bankers familiar with the deal. Penta priced a CLP22.8bn ($48m) 2016 tranche at 101.24 with a 6.5% coupon to yield 6.0%, or 86bp wide to the government benchmark. A second UF1m 2018 bullet tranche

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