Grupo Security Advances Debt Plans

Grupo Security Advances Debt Plans

Chile Bonds

Grupo Security is in the process of registering a program to issue up to UF3m ($137.2m) in bonds in Chile’s local market, according to regulatory documents. Proceeds from the bond sale will be used to help fund the Chilean financial conglomerate’s UF6.2m-plus acquisition of Cruz del Sur agreed in March. The company will also use an equity capital raise of about $150m to help finance the buy, which is expected to be wrapped up as soon as next week. IMTrust and BCI lead the local market bond sale,

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