Gildemeister Sets Target

Gildemeister Sets Target

Chile Bonds

Chile’s Automotores Gildemeister (AG) is out with initial price thoughts of 7.25%-area for what is expected to be a $300m 2023 NC5 bond, according to sources following the sale. The Ba2/BB vehicle importer and distributor operating in Chile and Peru wrapped up investor meetings in New York Wednesday and is pricing as soon as today. The deal is expected to be comped against AG’s own 2021 NC5 bonds, trading to yield inside of 7.0% Wednesday. JPMorgan is sole bookrunner. Following the issuance, Moo

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