Bancoestado Places Local Notes

Chilean state-owned bank Banco del Estado has issued UF5m ($212m) in 3.6-year bonds at 99.02 to yield 3.4%, resulting in a spread of about 60bp over the corresponding central bank bond, it says in a regulatory filing. Fitch and Feller-Rate have a national AAA rating for the bonds. Proceeds will be used to match assets with liabilities, says a banker from Bancoestado Corredores de Bolsa, the bank’s brokerage arm, which is managing the sale.