By Christine Van Dusen
Atlanta, May 7 - Banco del Estado de Chile priced a $200 million add-on to its 2% notes due Nov. 9, 2017 (Aa3/AA-/A+) at 100.644 to yield 1.85%, a market source said.
The notes were talked in the 1.9% area.
Citigroup, Deutsche Bank, HSBC and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
The original issue totaled $500 million.
The proceeds will be used for general corporate purposes.
The lender is based in Santiago.
Issuer: | Banco del Estado de Chile
|
Amount: | $200 million
|
Maturity: | Nov. 9, 2017
|
Description: | Notes
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Bookrunners: | Citigroup, Deutsche Bank, HSBC, JPMorgan
|
Coupon: | 2%
|
Price: | 100.644
|
Yield: | 1.85%
|
Trade date: | May 7
|
Settlement date: | May 9
|
Expected ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: A+
|
Distribution: | Rule 144A and Regulation S
|
Price talk: | 1.9% area
|
Original issue: | $500 million
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