July 1, 2022 |
BK Servicios Financieros, a car loan company owned by Chilean lender Banco BICE and local car dealership Kaufmann, plans to issue UF2.5 million ($90.2 million) in inflation-linked bonds in the local market, according to Fitch Ratings.
BK is expected to use the proceeds to fund car loans, pay off debt and cover general corporate purposes, Fitch said in a report on Wednesday.
Fitch assigned the 10-year bonds a AA(cl) rating on the local scale, saying BK is "a strategically important operation" for
Banco BICE's car loan division is expected to issue $90 mln in inflation-linked notes in the local market