Tanner Widens on Mild Demand
Chile’s Grupo Tanner Servicios Financieros has priced a new $250m 2018 bond debut, generating $400m-plus in demand and issuing less than an anticipated $300m size. The non-bank financial services institution priced at 99.446 with a 4.375% coupon to yield 4.500% or UST+369.9bp, widening from low- to-mid 300s, or 4.30%, to 4.50% guidance to appease investors who saw a...
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