June 7, 2019 |
Chile's BancoEstado has sold CHF150m ($151m) in six-year bonds in the Swiss market, according to ratings reports.
The issue was part of the state-owned lender's medium-term, $3.5bn bond program, according to S&P Global.
S&P gave the notes an A+ with a stable outlook, level with its long-term ratings for BancoEstado.
"The notes represent less than 0.5% of BancoEstado's total funding base. Therefore, we do not expect that this issue will change our evaluation of the bank's funding profile,
Chilean lender earns $151m from the sale of six-year notes in Switzerland