BancoEstado to Revisit Domestic Market

BancoEstado to Revisit Domestic Market

Chile Bonds

BancoEstado is planning to issue up to UF2m ($89m) in Chile’s local bond market on Tuesday, LatinFinance understands. The bank is planning 28-year subordinated bonds with a 4.0% coupon. BancoEstado, rated AA/AA+ on a national scale, is managing the transaction itself. The sale would follow a similar UF2m 28-year subordinated deal earlier this month. It priced the 4.0% coupon bonds at a yield of 3.50%, or government bonds plus 90bp. It is also preparing a senior bond shelf allowing it to issue up

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