Chile's Tanner Servicios Financieros SA has placed 20-year bonds in the local market worth 1.0 million unidades de fomento, according to a securities filing.

The AB series bonds carry a coupon of 3.75% and a yield of 3.52% with a spread of 125 basis points.

Tanner Corredores de Bolsa SA acted as placement agent.

A UF, or unidad de fomento, is Chile's inflation-indexed unit and is worth 26,966.89 Chilean pesos as of March 22.

As of March 22, US$1 was equivalent to 607.82 Chilean pesos and 0.02 unidad de fomento.