Banco Consorcio sets up long-term bonds in local market

Banco Consorcio sets up long-term bonds in local market

Bonds Debt Fixed Income Capital Markets Chile Credit Ratings Fitch Ratings

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial