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Chile's largest non-bank car finance company, Forum, has sold 20bn pesos (US$42.4mn) worth of bonds, in its second issuance in little over a month.
The issue was this year's second to be sold locally in pesos and is the third one arranged by BancoEstado Corredores. The bonds were sold at 102 basis points above the comparable central bank paper.
Forum is 51% owned by Spain's BBVA (NYSE: BBVA).