Banco Bice Places Bonds

Chile’s Banco Bice has sold UF3m ($124m) in 5-year local bonds with a 3.00% coupon to yield 3.23%, a spread of 82bp over the 5-year central bank bonds. The bank managed the AA rated issue itself. Banco Bice, founded in 1979, has about $500m in assets, according to information from the local bank regulator.