Scotia Chile Issues Bonds

Scotiabank has issued UF2m ($88m) in the Chilean local bond market, according to a source familiar with the sale. The 2022 bullet priced at 98.62, with a 3.5% coupon, to yield 3.7%, or 130bp over government bonds. Demand reached UF2.5m. Scotia managed the sale itself, rated AAA on a national scale.