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Chilean Lender Places Bonds
Chilean lending and social security institution Caja de Compensacion Los Andes has sold CLP30bn ($52m) in bonds on the local market. The 2013 notes priced at 100.52 with a 6.15% coupon to yield 5.99%. Proceeds will fund Los Andes’ long-term investment needs. Banchile-Citi managed the sale, rated A+/AA- on a national scale.