December 13, 2013
Banco del Estado de Chile has issued UF2m ($88m) in 30-year subordinated do
Banco del Estado de Chile has issued UF2m ($88m) in 30-year subordinated domestic bonds, according to people following the sale. The bonds priced at 101.99 with a 3.50% coupon to yield 3.39%, or government bonds plus 80bp. The sale saw four times demand. Next week, Sociedad de Rentas Comerciales is expected to sell UF1m in the Chilean market, with the proceeds to be used for refinancing and investments.