Do More With Reuters

Scotiabank's Chile unit issues $183 mln in bonds

Thu Mar 13, 2008 11:53pm IST
 
Email | Print | | Single Page
[-] Text [+]

SANTIAGO, March 13 (Reuters) - The Chilean unit of Canada's Scotiabank auctioned an 8-year bond offering worth some $183 million on the Santiago Stock Exchange on Thursday, according to a statement issued through the exchange.

The issue, worth 4 million UF -- Chile's inflation-adjusted currency units, has a duration of 4.08 years and a coupon rate of 3 percent. The bonds were sold at 102.04 percent face value, the statement said.

Late last year, Scotiabank (BNS.TO: Quote, Profile, Research) acquired Chile's Banco del Desarrollo as part of its goal to control a 10 percent share of Chile's banking industry. (1UF = 19,776.63 pesos) ($1 = 432 pesos)

(Reporting by Manuel Farias; Writing by Lisa Yulkowski, editing by Richard Chang)

Photo

Catch the latest news, pictures, stats and live race commentary on our special Formula 1 page.  Full Coverage 

REUTERS POLL

Photo
Has the govt lost the plot on Jammu & Kashmir?
Yes
No
Can't say
Symbol Bid Ask
BRENT CRUDE $0.00 $0.00
GOLD $0.00 $0.00
SILVER $0.00 $0.00