Banco de Chile Returns to HK

Banco de Chile has raised HKD699m ($90m) through its second private placement in Hong Kong’s bond market, it says. The 2028 RegS-only bond priced at par with a 4.25% coupon. Bank of America Merrill Lynch was sole lead on the A+/AA3 rated issuer’s transaction. So far this year, Banco de Chile has placed $820m in bonds abroad, allowing for longer support the growth of turnover in the coming years and continues consolidating and opening new markets. The HKD transaction follows deals in the Swiss, USD, Mexican and Peruvian markets. Banco de Chile previously raised HKD700m in its first private placement in the Hong Kong market. The RegS-only 2023 bond priced at par with a 3.23% coupon.