Chilean Market Challenging Despite Arauco FO

Chilean Market Challenging Despite Arauco FO

Chile Equity

Chilean equity issuers should find it as difficult as the rest of the region to issue before the end of the year. Parque Arauco took advantage of a calm window to raise $168m-equivalent through a follow-on, but this does not necessarily indicate that more will follow, bankers say. “It will be very difficult to see more issuance. The issuer came through a window that opened in a challenging environment,” says a local ECM banker. The shopping center developer and operator sold 90m shares

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