July 30, 2013
Chile’s BancoEstado plans to issue a subordinated bond of up to UF4m ($181m
Chile’s BancoEstado plans to issue a subordinated bond of up to UF4m ($181m) with a 23- to 25-year tenor in August or September, LatinFinance understands. It is also registering a bond line allowing it to issue up to UF20m in 5- and 30-year tenors over the next four years. It leads both sales itself. It has had a busy fundraising year so far, selling a UF5m ($223m) bond in June, the same month it became the first Chilean issuer in Japanese yen, raising JPY24bn ($253m).