Grupo Security Readies UF Sale

Chile’s Grupo Security is planning to sell up to UF5m ($223m) in domestic bonds, it says. The financial services company’s 10-year bonds have a 3.6% coupon, and are rated A minus/A minus on a national scale. The bank is managing the sale itself. Security last tapped the market in September, selling UF3m in 4.0% 2038 domestic bonds to yield 4.04%, or government bonds plus 154bp, through BCI and IMTrust.