Ripley bank taps local market

Ripley bank taps local market

Chile Bonds

Chile's Banco Ripley has raised the equivalent of $106m from the sale of peso-denominated and inflation-linked bonds in the local market.The consumer credit division of the local retailer sold UF1.5m ($64m) in 2.1% 2022 notes and CLP26.5m ($42.3m) in 4.45% 2020 notes.The UF notes priced to yield 1.97%, or 94bp over the benchmark, while the peso bonds priced to yield 4.4%, or 93bp over the benchmark, a debt capital markets banker told LatinFinance. The UF series has a duration of 4.63 years

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