Quinenco to Market Local Bond

Chile’s Quinenco is expected to begin marketing this week an up to UF4.65m ($201m) bond offering in the local market with a view to pricing by month’s end. The holding vehicle for the Luksic family is preparing a 7-year bond of up to UF2.3m in size with a 3.5% coupon and 2-year grace period, and a 21-year bond of up to UF2.3m with a 4% coupon and up 15-year grace period. It will use the proceeds for its investment. Banchile and BBVA are managing.