Scotia Chile Issues Local Notes

Scotia Chile has issued 2 bonds for a total of UF3.5m ($138.6m) via Dutch auction. A UF2m bond due in 10 years priced at 100.63 with a 3.50% coupon to yield 3.45% and a UF1.5m deal due in 25 years priced at 104.86 with a 4.00% coupon to yield 3.73%. The bonds are rated AAA. Proceeds will be used to finance long-term assets. Scotia’s own brokerage in Chile, Scotia Sud Americano Corredores de Bolsa, handled the issue.