Banco de Chile sells dual tranche as LatAm banks go Swiss

Banco de Chile sells dual tranche as LatAm banks go Swiss

Bonds

Banco de Chile issued a CHF275m ($310m) dual-tranche bond, one of two Latin banks to borrow in Swiss francs on Thursday as the market proved itself receptive to such firms. The Aa3/A+ rated issuer sold a CHF150m 2016 which pays 75bp over 3-month Libor, and a CHF125m 2019 bond which pays 1.255%. Both were priced at par. BNP Paribas and Deutsche Bank led the transaction which was heavily oversubscribed. “The 2-year was picked up mainly by bank treasuries and asset managers, and the 5-year fixed ra

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