Banco Santander Chile Sells $105m Local Bonds

Banco Santander Chile, the country’s largest bank, in asset terms, sold $105m worth of local inflation-adjusted bonds on Wednesday. The six-year, AAA+ rated bullet bonds priced at a yield of 3.13%, equivalent to a spread of 49bp over 6.7 year local Treasuries. Interest will be paid quarterly from 1 August 2007.