Chile Bank Preps Bond Sale

Chile’s state-owned bank Banco del Estado says it will issue UF5m ($213m) in bonds through a Dutch auction December 1. The bonds, which have a national rating of AAA, have a 3.6 year maturity. Proceeds will be used to match assets with liabilities, says a banker from Bancoestado Corredores de Bolsa, the bank’s brokerage arm, which is managing the sale.