ILC issues inflation-linked bond

ILC issues inflation-linked bond

Bonds Debt Fixed Income Healthcare Latin America South America Andean Chile

Inversiones La Construcción (ILC), a Chilean financial and health services provider, said it got the lowest rate for a corporate issuer in the local market this year for UF2 million ($83 million) in eight-year notes. ILC sold the bonds to yield 0.45%, or 110 basis points over the reference rate, with a three-year grace period, the company said in a press release late Wednesday. The company issued the notes in unidades de fomento, or UFs, a unit of account adjusted for inflation, and said it woul

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