BancoEstado opens a new market to place international bonds
And becomes the first financial institution in the country issuing bonds in Colombian pesos.
BancoEstado issued COP 150 billion (Colombian pesos) on a 10 year term, equivalent to USD 51 million. In this manner, the financial entity becomes the first Chilean bank issuing in this currency at international markets.
“This is the seventh currency in which we place bonds and shows the confidence of foreign investors on BancoEstado”, said Mr. Julio Guzman, Chief Financial Officer.
Goldman Sachs advised BancoEstado for this operation. BancoEstado holds excellent stability, solvency and one of the best ratings in the Chilean financial system.