By Paul A. Harris
Portland, Ore., March 20 – Chile’s BancoEstado issued CHF 100 million of 0.575% 10-year bonds, according to a press release dated March 15.
Credit Suisse was the adviser.
BancoEstado became the first Chilean and Latin-American commercial bank to tap the the Swiss franc market with 10-year paper, chief financial officer Carlos Martabit stated in the press release.
“The issue achieved very positive conditions, strengthening the diversification strategy of our funding and consolidating our relationship with Swiss institutional investors,” Martabit added.
| Issuer: | BancoEstado
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| Amount: | CHF 100 million
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| Tenor: | 10 years
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| Securities: | Bonds
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| Advisor: | Credit Suisse
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| Coupon: | 0.575%
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| Announcement: | March 15
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