Chilean state-owned bank, BancoEstado, has raised $212.2 million in a bond sale, The Wall Street Journal reports. The proceeds will be used to fund the bank’s growth plans.

The four-year bonds were denominated in the UF inflation-indexed currency unit. The bullet bonds were offered with a yield of 3.4% and a spread of about 63 basis points more than the corresponding central bank bond.

Click here for the story from The Wall Street Journal.