Banco Estado de Chile Looks to DCM

Banco del Estado de Chile is preparing an international bond issue, following the close of an RFP process, according to sources following the plan. The bank is heard looking at a benchmark size 5-year bond in the dollar market, pricing as soon as this month. The Aa3/A+ borrower was last in the international market in February when it issued a $500m 10-year bond. Deutsche Bank and JPMorgan managed the sale.