BancoEstado sells local bonds

BancoEstado sells local bonds

Bonds Debt Fixed Income Capital Markets Chile

BancoEstado, Chile's only government-owned lender, returned to the local debt market on Tuesday to sell the equivalent of $190 million of inflation-adjusted bonds in three tranches. The bank sold UF2 million ($76.1 million) worth of 2037 bonds and a similar amount of UF-denominated notes due in 2039, it said in a securities filing. Both series priced to yield 2.46%. Additionally, the bank sold UF1 million worth of 2032 bonds at 2.44%. BancoEstado previously tapped the local bond market on Monday

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