Raboinvestments Chile Sells $105 Million Local Bonds

Raboinvestments Chile, the local investment banking unit of Dutch bank Rabobank, sold $105 million worth of local inflation-adjusted bonds (UF3 million) Wednesday at a real annual interest rate of 2.95%. The money raised will be used to fund expansion plans in the country. The bonds carry a maturity of 9.10 years and are rated AAA by Feller Rate. Local broker LarrainVial placed the bonds.