October 14, 2021
Chile's Banco Consorcio plans to raise UF12 million ($444 million) in a two-part bond sale in the local market, split into equal parts with maturities of 25 years each, according to a report from Fitch Ratings.
Fitch assigned the bonds a AA-(cl) rating with a stable outlook, citing the bank's "intrinsic credit quality." It also pointed out that Banco Consorcio has a 2.2% share in Chile's loan market with a concentration in corporate and mortgage loans.
Banco Consorcio will use the proceeds to di
Chilean lender plans to raise $444 mln in its first sale of inflation-linked notes since 2017