Forum Parks Domestic Issuance

Chilean auto lender Forum has issued UF1.7m ($81m) in the country’s local bond market. The 2.5-year bond priced at 99.3 with a 4.1% coupon to yield 4.4%, or the government benchmark plus 179bp. Proceeds are marked to finance growth. BBVA and BCI managed the sale, rated AA minus on a national scale. In March, Forum issued UF1.5m, pricing a 3.5% 2.5-year bond to yield 3.7%, or government bond plus 160bp.