Banco Security Places $40.5 Million Subordinated Bonds

Chilean Banco Security has succeeded in selling $40.5 million subordinated inflation-linked local bonds from an offering that was more than twice oversubscribed, according to the bank. The bonds carry an annual interest rate of 4.57% and mature in 2028. The securities earned an A+ rating from agency Fitch Rating. The offering was managed by Valores Security SA Corredores de Bolsa.