Banco de Chile Prices MXP Debut

Banco de Chile Prices MXP Debut

Chile Mexico Bonds

Banco de Chile has raised MXP1.5bn ($111m) in a Mexican domestic bond market debut, pricing a 3-year bond at TIIE+ 60bp. With this transaction, the bank becomes the third Chilean issuer to raise debt in Mexico, following similar moves by Banco de Credito e Inversiones (BCI) and miner Molymet. Over 20 accounts participated, including mutual funds, insurance companies and retail, allowing the issuer to see around 1.3x demand. Banco de Chile’s pricing came in line with 50bp-60bp guidance. This was

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