November 7, 2018 |
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
Chilean lender bumps up the size of its second CHF-denominated deal to $125m but shortens the maturity to six years