ILC sets sights on bond market

ILC sets sights on bond market

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile

Inversiones La Construcción (ILC), a Chilean financial and health insurance company, has hired two banks – Bank of America and JPMorgan – to lead the sale of up to $400 million in 10-year bonds, a source familiar with the deal told LatinFinance on Tuesday. Santiago-based ILC is coming to the bond market to raise money to pay off debt and add to working capital, ratings agencies said on Monday. S&P Global Ratings assigned the bonds a BBB+ rating, while Fitch Ratings gave them a BBB, based on

Already have an account?

Free trial

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

Free Trial