Itau Chile Plans Domestic Bond

Itau Chile will look to issue up to UF1m ($47m), it says, and can choose among 2023 and 2024 maturities. The bank could also upsize the deal, expected Thursday, to UF2m, as it has a total UF5m program and has already issued UF3m, says a person familiar with its plans. It will self-lead the deal, rated AA minus/AA on a national scale. In September, Itau issued UF1m, pricing a 14-year bond at 99.15 with a 3.75% coupon to yield 3.83%, or the BCU20 benchmark plus 120bp.