Banco Estado Preps Bond

Chile’s Banco del Estado has set September 1 to issue domestic bonds denominated in the UF inflation-linked unit. The bank plans to sell UF2m ($75m) in 4.0% 2029 bonds. Its own brokerage unit will coordinate the sale, rated AAA on a national scale. The issue comes under a UF30m shelf, from which it last sold UF5m in 3.5% 10-year bonds in June.