BBVA Chile Targets Local Debt

BBVA Chile is preparing to offer domestic bonds, according to regulatory documents. The program registered by the bank includes a CLP100bn ($192m) 5.5-year tranche with a 6.0% coupon and a UF2m ($89m) 18-year tranche with a 3.5% coupon. Specifics about the timing were not immediately available. The bank is rated AA+/AA minus on a national scale.