Chilean Developer Issues Debt

Chilean real estate developer Salfacorp has issued CLP20.16bn ($41.1m) in 2013 bonds, according to a filing. The notes, denominated in the UF inflation-linked unit, priced at 99.03 with a 3.25% coupon to yield 4.02%. Fitch gave the bonds a BBB+ local rating. Proceeds will be used to refinance debt. IM Trust managed the sale.