September 7, 2021 |
Banco Bci, the third-largest lender in Chile, said it raised $133 million in the sale of five-year bonds to private investors in Taiwan, part of an effort to diversify is financing sources.
The Formosa notes, or foreign currency notes issued in Taiwan, were sold at a price to pay a 1.88% rate of interest, according to a press release on Thursday.
This was the bank’s first sale of such bonds, a deal that was led by Crédit Agricole and Standard Chartered.
The issue “is in line with our strategy of
Chile's third-largest lender raises $133 mln in a private deal, diversifying funding sources