Grupo Security Prices $54m Chile Bond

Chile’s Grupo Security has priced a $54m equivalent in UF issue of 21-year bonds in two tranches through IM Trust, according to Dealogic. The domestic issue priced at 96.730 with a 3.800% coupon to yield 4.075% on a $36m equivalent piece and 96.370 with the same coupon to yield 4.102% on an $18m equivalent piece. Both are callable in 2013 and the larger tranche amortizes from 2011.