July 8, 2013
Banco Consorcio issued UF2.5m ($112.5m) in dual-tranche peso/UF bond in Chi
Banco Consorcio issued UF2.5m ($112.5m) in dual-tranche peso/UF bond in Chile’s local market Thursday. The Consorcio Financiero banking subsidiary sold a 6.4% CLP22.8bn 3-year bond at 100.01 to yield 6.39%, and a 3.7% UF1.5m 5-year bullet at 100.70 to yield 3.54%, LatinFinance understands. Celfin led the deal, which is rated A+/A+ on a local scale. Proceeds will be used for financial diversification and growth.