Scotia Chile Eyes UF3.5m in Bonds

Scotia Chile says that today it will issue UF3.5m ($138.6m) in local bonds in 2 tranches via Dutch auction. A UF2.0m tranche will be due in 10 years and a UF1.5m tranche in 25 years. The bonds are rated AAA. Proceeds will be used for long-term lending. Scotia’s own brokerage in Chile, Scotia Sud Americano Corredores de Bolsa, will handle the issue.