Chilean Debut Pleases Buyside

Chilean Debut Pleases Buyside

Chile Bonds

Empresa Nacional de Telecomunicaciones (Entel) has raised $1.0bn its first-ever international bond sale. Chile's largest wireless service provider drew more than $4.5bn in orders, according to people with knowledge of the terms, tightening pricing in a deal still well received by investors. The Baa2 amortizing 2024 priced at 99.290 with a 4.875% coupon to yield 4.966%, or UST+245bp, the tight end of 250bp-area guidance and well inside of 262.5bp-275.0bp initial thoughts. The bond was up 0.60 poi

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