BancoEstado goes for more Swiss francs

BancoEstado goes for more Swiss francs

Bonds Debt Capital Markets Fixed Income Chile Europe

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,

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