Scotia Chile Issues Domestic Bonds

Scotiabank’s Chile unit has issued UF4m ($160m) in 2018 local bonds, says Daniel Orellana, CEO of Scotia Sud Americano Corredores de Bolsa, which managed the sale. He adds that total demand surpassed UF6m. The bonds priced at 100.93 with a 3.20% coupon to yield 2.97%, a spread of 100bp over the 5-year central bank BCU5 bonds. Proceeds will go to strengthen working capital.