Rabobank Set to Sell Chilean Bond

Dutch bank Rabobank is looking to sell UF2.5m ($105m) in 5-year bullet bonds in the Chilean market on November 30. The deal is expected to have a UF-denominated and a peso-denominated tranche. A third, US dollar-based tranche was initially included but isn’t seeing the demand, says a person familiar with the sale. The UF tranche is expected to have a 3.05% coupon, and the peso tranche a 6.05% coupon. Proceeds will be used to fund operations. The bond is rated AAA by Feller and Fitch. Celfin Capital and Deutsche Bank are managing.