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Telefonica Chile Raises Debut Bond

Oct 5, 2012

Telefonica Chile has priced a $500m 10-year bond, with investors flocking to the BBB/BBB+ rated telecom for a total of $6bn in demand. Starting at UST+275bp initial price talk, the issuer was...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

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