BancoEstado sells sub debt

BancoEstado sells sub debt

Bonds

Chile’s BancoEstado has sold a UF2m ($93m) 32-year subordinated bond to yield 2.68%. The paper carries a 3.5% coupon and was priced at 95bp over government bonds. The offering was twice subscribed. The bank raised UF2m in late June with a senior bond

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