La Araucana Close to Bond

Chile’s Caja de Compensacion La Araucana is currently on the road and expects to raise some CLP40bn ($77.6m) in the local markets next week. The financial institution plans a 5-year bond. BCI is managing the sale. Arucana is rated A on a national scale. In December, it issued CLP10bn in 5-year bonds and in December 2010 raised CLP10bn in 5-year notes via Itau Chile.