BancoEstado carried out successful placement of Subordinated Bonds
BancoEstado carried out a successful placement of M3 series subordinated bonds for UF 2 million, equivalent to US$ 93 million.
The bonds placed have AA+ (ICR) and AA (Fitch) classification, with half-yearly interest payments and a single block capital amortization on their maturity date.
The operation was carried out at the Santiago Stock Exchange in the Dutch Auction mode, through the BancoEstado S.A. Corredores de Bolsa placement agents.
BancoEstado offers excellent conditions of stability, solvency and one of the best risk classifications in the financial system, which enables it to offer investors profitable, safe and reliable financial instruments.