July 3, 2013
Banco Consorcio will issue up to UF2.5m ($113.7m) in Chile’s local debt mar
Banco Consorcio will issue up to UF2.5m ($113.7m) in Chile’s local debt market Thursday, LatinFinance understands. The Consorcio Financiero banking subsidiary is likely to sell a dual tranche deal, depending on demand. It is considering a 3.7% 2018 of up to UF1.5m, a 6.4% 2016 of up to CLP22.8bn, and a 6.4% 2018 of up to CLP22.8bn. Celfin leads the deal, which is rated A+/A+ on a local scale. Proceeds will be used for financial diversification and growth.