Telefonica Chile Talks Price

Telefonica Chile Talks Price

Chile Bonds

Telefonica Chile is aiming for UST+250bp-area pricing on a new 2022 bond after tightening from UST+275bp-area initial price thoughts Wednesday. The unit of Spain’s Telefonica is planning a $500m issuance, according to Fitch, which assigns a BBB+ rating. Proceeds are destined to refinance upcoming maturities of 2013 and 2014, and also working capital needs and capital expenditures. “Outside of banking there is a shortage of Chilean paper,” says an investor following the trade. Another looking at

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