Santander Chile Rolls out Dim Sum

Santander Chile Rolls out Dim Sum

Chile China Bonds

Santander Chile has become the first Latin American financial institution to issue a public transaction in the Dim Sum bond market, with a CNH500m ($80m) sale. The Chilean lender priced the 2014 Chinese Renminbi-denominated bond sold in Hong Kong at par with a 3.75% yield, in a deal described as cost effective to its dollar curve, according to a source familiar with the transaction. Demand was heard reaching CNH900m, with fund managers comprising 50% of the final book, private banking buyers 25%

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