University Unveils Bond Timeline

Corporacion Universidad de Concepcion is planning to sell up to UF4.2m ($183m) in bonds in Chile’s local market during the week of December 16, according to people following the transaction. The bonds have an 8-year maturity. The issuer, a holding company for different businesses linked to the Chilean university, is raising funds to restructure liabilities and finance investment. CorpBanca leads the deal. Concepcion last issued in 2003, selling UF2m in 10-year bonds, and is heard drawn back to the market by attractive interest rates.