Punta Blanca lines up local bond debut

Punta Blanca lines up local bond debut

Corporate & Sovereign Strategy Bonds Debt Fixed Income Andean Latin America South America Chile Capital Markets

Chilean real estate developer Inversiones Punta Blanca plans to raise up to UF5 million ($198 million) in the sale of inflation-linked bonds on the local market. The Santiago-based company said it wants to sell equal amounts of 10- and 30-year bonds, according to a document filed with the securities regulator CMF. The notes will be issued in unidades de fomento, or UFs, a unit of account adjusted for inflation. Punta Blanca said it is working with Banco Bice on the deal and added that it will us

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