Factorline Plans Local Bonds

Chilean financial services company Factorline has registered a 25-year, CLP70bn ($142.2m) bond shelf in the domestic market. It is targeting an issuance toward the end of March or early April, with the details likely to be defined in February, says a person familiar with the process. Factorline is raising funds to refinance liabilities and fund growth. Scotia is lead. In April 2011, Factorline issued UF1.6m in domestic bonds.