Banco de Chile Holdco Targets Bond

LQ Inversiones Financieras (LQIF), the holding vehicle for the Quinenco conglomerate’s 50% stake in Banco de Chile, is planning a domestic bond sale of up to UF5m ($215m) next week. The issuer is targeting the middle of next week for the deal offering 2033 bonds paying a coupon of 3.5%. The LQIF notes are rated AA+ on a national scale, and come with a 10.75-year grace period. Banchile-Citi and Bice are managing the deal.