Itau Chile Plans UF Issue

Itau Chile is planning to issue up to UF1m ($44m) in 5-year bonds. The issue is expected to take place Friday, say bankers on the deal. Proceeds of the AA minus notes will be used to extend credit to clients. Two bankers off the deal say they expect the notes to have a spread ranging between 80bp-85bp over the BCU benchmark. Itau Chile will handle the sale itself.