Banco Security Sells $34 Million Inflation-adjusted Bonds

Medium-sized Chilean Banco Security sold $34 million-worth of inflation-adjusted local bonds, it announced on Friday. The 25-year notes carry a grace period of 10 years and have a duration of 13.5 years. The notes were sold to yield 3.76%, or equivalent to a spread of 78 basis points over comparable Central Bank 20-year paper.