Santander Chile Emerges with Bond

Santander Chile Emerges with Bond

Chile Bonds

Santander Chile has raised $750m in the international bond market, with investors putting in for some $5bn in orders. The Aa3/A/A+ rated lender got decent demand despite tightening to UST+ 232.5bp from initial UST+262.5bp-area price thoughts. The 2022 bond priced at 98.338 with a 3.875% coupon to yield 4.079% or UST+232.5bp, inside of 237.5bp-250bp guidance. The bonds were trading up 0.125 points in the grey, according to a trader. “People want yield and were willing to go longer for a single A

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