Security Completes Equity Offering, Advances Bond Plans

Security Completes Equity Offering, Advances Bond Plans

Bonds Equity

Grupo Security has completed a CLP57.27bn ($113m) equity rights offering, and now turns its sights to issuing up to UF3m ($136m) in the domestic bond market. The Chilean financial conglomerate is looking at an August sale, and will choose among four series with maturities up to 25 years, according to people following the process, with 5, 10 or 20-year maturities likely to emerge as options. Grupo Security should favor longer terms, LatinFinance understands. Proceeds from the bond sale will be us

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