Banco BICE preps UF bonds

Banco BICE preps UF bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile

Chile's Banco BICE could issue as much as UF6 million ($233 million) in two series of inflation-linked bonds in the local market, raising money for general corporate purposes, Fitch Ratings said. The Santiago-based bank will put UF3 million in each series with maturities of five and seven years, Fitch said in a report on Thursday. Fitch assigned the proposed notes a BB+ rating on the local scale. Earlier this month, Banco BICE announced plans to issue CLP300 billion in peso-denominated bonds. It

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