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Unibank to auction bonds worth $1M

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Unibank to auction bonds worth $1M

Unibank SA on Nov. 24 plans to auction bonds worth up to $1.0 million, according to a Nov. 20 filing.

The 180-day series R securities carry an interest rate of 3.50% and will be issued Nov. 28.

The proceeds from the offering will be used for the series O from the same $50 million bond program that was approved in 2013, which mature Nov. 28, and subsequently for the growth of assets, the bank said.