Chile Taps Tight Dollar Funds

Chile Taps Tight Dollar Funds

Chile Bonds

The Republic of Chile has raised $1.5bn during its first visit to the dollar markets this year, landing what the issuer calls the lowest-ever coupon and yield for an emerging market bond at the 10 and 30-year points. “It’s a very strong credit. No new issue premium and difficult to see much value in such tight spreads. Even so, the book was hugely oversubscribed,” says a North American EM portfolio manager following the process. Indeed, demand for the 10-year tranche reached $4.1bn while the 30-

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial