CMPC Prints 10-Year in Choppy Market

CMPC Prints 10-Year in Choppy Market

Chile

Chile’s Empresas CMPC has sold $500m in 2019 bonds on the back of about $1.25bn in demand. The issue priced at 99.117 with a 6.125% coupon to yield 6.240%, or UST plus 275bp, the tight end of 275.0bp-287.5bp guidance. “This was a volatile environment, though the [US] GDP numbers gave the markets a bit of a boost,” says a banker on the deal, who notes investment grade credits are having an easier time dealing with the current market conditions, characterized by choppy equity and FX movements, tha

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