Clinic Advances Domestic Bond

Chile’s Clinica Las Condes could sell UF1m ($45m) in domestic bonds as soon as the end of next week, according to people following the sale process. The health services provider is able to offer debt from three tranches, all UF-denominated and paying a 3.95% coupon. Two 21-year tranches come with a 10-year grace period, and a 26-year tranche comes with a 5-year grace period. Las Condes is raising funds for expansion projects. BICE is managing the transaction, rated AA+/AA+ on a national scale.