Banco de Credito e Inversiones SA on Aug. 13 placed bonds worth 3.0 million unidad de fomento, equivalent to about US$119 million, Diario Financiero reported.
The 10-year securities, which carry a rate of 0.45% with a spread of 46 basis points. Demand among national fixed income investors reached about 1.2x the amount offered, according to the report.
The unidad de fomento or UF is Chile's inflation-indexed unit and was worth 27,960.63 Chilean pesos as of Aug. 13.
As of Aug. 13, US$1 was equivalent to 707.79 Chilean pesos.