BBVA Chile Issues $42 Million Worth Inflation-linked Bonds

BBVA Chile, an affiliate of the Spanish bank, has issued local bonds worth $42 million (UF1.2 billion). The bonds are denominated in Unidades de Fomento, the Chilean inflation-linked currency unit. BBVA had originally planned to issue double that amount (UF2.7 billion). The instrument carries a maturity of 22 years and an interest rate of 5.17%.