Banco de Chile Sells $193m Local Bonds

Banco de Chile has sold $193m equivalent in peso-denominated and inflation-linked bonds on the domestic market. The bank priced UF3m ($117.9m) in 4.60% of 2029 bonds at 99.15 to yield 4.70%, and CLP40bn ($75m) in 6.00% of 2014 bonds at 98.70 to yield 6.30%. Proceeds will go towards refinancing debt and other needs. Banchile, the brokerage unit of Banco de Chile, managed the transaction.