Santander Chile Squeezes Dollar Market

Santander Chile Squeezes Dollar Market


Santander Chile reigned in pricing on a $500m bond, locking in UST+157bp well inside initial whispers of 175bp area and tight to 160bp area guidance. Demand for the issuer’s first sale in 4 years reached about $2bn, according to bankers managing it. The bank priced the 2012 bond at 99.855 with a 2.875% coupon to yield 2.926%, or UST plus 157bp. The Aa3/A+ deal was heard trading at flat to up 0.125 points in the gray Monday afternoon. Despite the tightening, investors say there was still some inc

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