August 28, 2013
Chilean credit union Coopeuch is on the road in preparation for a domestic
Chilean credit union Coopeuch is on the road in preparation for a domestic bond sale of up to UF2m ($89m), according to a person familiar with the transaction. The 21-year amortizing bond comes with a coupon of 3.85%. It would be the credit union’s fourth issuance in the market, and first since 2009. The borrower is raising money to fund its mortgage portfolio. The sale led by Banchile-Citi is rated AA minus on a national scale and expected in the first week of September.