Quinenco Returns after 6-Year Absence

Chilean business conglomerate Quinenco, the holding company of Grupo Luksic, is preparing to issue in the Chilean bond market next week, marking its first domestic offering in about 6 years, says a lead banker. It is looking to raise up to UF7m ($322m) through a dual-tranche 7-year and 21-year offering. Proceeds will be used for payment of existing debt, to finance investments and other corporate purposes. Banchile and BBVA are leads. With a $42bn portfolio, Luksic controls Banchile and brewer CCU, and holds positions in shipper Vapores and manufacturer Madeco.