December 20, 2013
Corporacion Universidad de Concepcion has sold UF4.2m ($184m) in bonds in Chile’s local market. The 8-year bonds were sold via private placement at an interest rate of 5.9%. The issuer, a holding company for different businesses linked to the Chilean university, is raising funds to restructure liabilities and finance investment. CorpBanca led the deal. Concepcion last issued in 2003, selling UF2m in 10-year bonds.