Banco de Chile Returns for CHF Funds

Banco de Chile has returned to the Swiss bond market to raise CHF175m ($191m), according to people familiar with the transaction. The 2019 bond represents the Chilean lender’s fourth-ever CHF issuance, and priced at 100.251 with a 1.500% coupon to yield 1.535% or mid-swaps plus 70bp, in line with MS+70bp guidance. BNP Paribas and Deutsche Bank managed the Aa3/A+ sale. Banco de Chile previously raised CHF225m in the Swiss bond market in June, pricing a 2016 floating-rate bond at Libor+60bp.