BCI Sells $33 Million Bonds

Family-controlled Chilean bank Banco de Credito e Inversiones (BCI), has sold bonds worth $33.3 million. The local inflation-linked bonds, totaling UF1 million, carry a coupon rate of 3.83% and have a maturity of 3.45 years. BCI, Chile’s fourth-largest bank, plans to use the money raised to fund expansion plans in the local market and increase the bank’s efficiency. The deal was managed by BCI’s subsidiary BCI Corredores de Bolsa.