BancoEstado To Sell Inflation-Linked Bonds

Chilean state-owned BancoEstado is to sell local inflation-linked bonds on September 7, to add to the bonds it sold earlier this month worth $85 million. The Bank plans to sell up to $170.5 million of the five-year subordinated bonds to help fund its program of expansion. BancoEstado is Chile’s third-largest bank, in terms of loans.