Corp Group Raises $500m

Corp Group Raises $500m

Chile Bonds

Corp Group Banking has become the latest LatAm borrower to cash in on continued investor appetite, particularly for Chilean high-yield names, getting about $2bn in demand for a new $500m 2023 NC5 bond. The Ba3 holding company for CorpBanca priced at 99.985 with a 6.75% coupon to yield 6.75%, at the tight end of 6.75%-7.00% guidance brought in from high 6% to7% talk. The bond grew from the $300m size expected during marketing, and was seen trading up 2 points in the grey, according to traders. Pa

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