BancoEstado half way through funding after HK debut
Chilean state owned lender BancoEstado raised $200m-equivalent of debt in Asian markets this week to reach the half way mark of its $1.6bn medium-term funding needs for the year.
Aa3/A+/A rated BancoEstado began the week by debuting in the Hong Kong dollar market, raising HK$600m ($77m) of 15 year notes in a deal led by HSBC. The bond was priced at 95bp over US Treasuries.BancoEstado then moved to Japan, where it was looking for a euro yen ...
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