Caja Los Andes issues local social bonds

Caja Los Andes issues local social bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile Social Bonds

Chilean retirement fund manager Caja Los Andes issued UF1.8 million ($61.3 million) in three-year social bonds in the local market on Thursday, according to a securities filing. Caja Los Andes said it priced the inflation-linked 2025 notes at 4% and would use the proceeds to fund social loans. Caja Los Andes issued UF2 million in inflation-linked notes in the local market in April to fund loans to employees of companies that work with the retirement fund. It issued the same amount in 10-year, UF

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