BancoEstado issues more Swiss francs

BancoEstado issues more Swiss francs

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Chile Europe

Chile's BancoEstado has returned to the Swiss bond market with a six-year issue for CHF125m ($125m), a source told LatinFinance. Credit Suisse priced the notes at 62bp over the mid-swap rate for December, good for a coupon of 0.69%. The Chilean state-owned lender had looked to sell at least CHF100m at 60bp to 63bp over mid-swaps, but it increased the size of the deal on investor demand. BancoEstado printed its first Swiss franc-denominated notes in March last year, when it raised CHF100m from th

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