BCI Taps Local Subordinated Debt

Chile’s Banco de Credito e Inversiones (BCI) has sold UF2m ($91m) in 30-year subordinated bonds, according to the Santiago Bolsa. The 2043 priced at a discount with a 2.60% coupon to yield 3.96%, or government bonds plus 144bp. BCI managed the sale, rated AA/AA minus on a national scale. The bank has a UF15m, 30-year program registered in Chile’s local market.