August 8, 2013
Itau Chile has issued UF2m ($88m) in the Chilean domestic bond market, Lati
Itau Chile has issued UF2m ($88m) in the Chilean domestic bond market, LatinFinance understands. The 15-year bullet bonds have a coupon of 3.80% and priced at a premium to yield 3.78%, or government bonds plus 127bp. The issue, rated A/AA minus on a national scale, received 3.5x demand. The Chilean subsidiary of Brazil’s Itau managed the sale itself. Meanwhile, Chilean cement company Cementos Bio Bio is expected in the domestic market today with an issue of up to UF3.5m ($156m).