Scotiabank Chile places $89 million in local bonds

SANTIAGO Wed May 23, 2012 12:30pm EDT

SANTIAGO May 23 (Reuters) - The local arm of Scotiabank on Wednesday placed around $89 million worth of inflation-indexed peso unit bonds at a yield of 3.70 percent on the local market on Wednesday, a source at the Santiago Stock Exchange said.

The bonds have a 10-year maturity.