Banco BICE preps peso bonds

Banco BICE preps peso bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Chile

Chile's Banco BICE said it plans to raise CLP300 billion ($346 million) in the sale of two series of peso-denominated bonds in the local market, according to a securities filing. The Santiago-based bank said it will put CLP150 billion in each series of bonds with a six-year note that pays 6% interest and a seven-year note at 6.5%. The bank added that it will be the bookrunner on the sale and use the proceeds to cover general purposes. Fitch Ratings has given the proposed bonds a AA(cl) rating wi

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