Chilean Bank Places Local Bond

Chile’s Banco del Estado has sold $76m equivalent in domestic inflation-linked bonds. The bank priced UF2m ($76m) in 2029 bonds at 97.38 with a 4.00% coupon to yield 4.20%, or 80bp above Chilean government bonds. Banco del Estado’s own brokerage unit coordinated the sale, rated AAA on a national scale. The issue comes from a UF30m shelf, from which Estado sold UF5m in 3.5% 10-year bonds in June.