Pricing Heard on Iansa Local Bond

Chilean agribusiness holding company Iansa plans to issue up to UF2m ($88m) in 7-year bonds today. A banker away from the deal says he expects the bonds to price at around 150bp over the BCU-5 benchmark, which is at 2.68%. The notes have a duration of 4.7 years, the banker adds. Proceeds of the BB+ rated notes will be used to pay down existing bonds and to refinance debt. Celfin is managing the sale.