Chilean Retailer Prices Debut Bond

Chilean Retailer Prices Debut Bond

Chile Bonds

Chile’s Grupo SMU has raised $300m in its first trip to the international bond market. The acquisitive operator of supermarkets and wholesale operations received more than $1.2bn in orders for the 2020 NC4, as investors continue to put funds to work for smaller debut sales. The B2/B bond priced at par with a 7.750% coupon to yield at the tight end of 7.750%-7.875% guidance revised from earlier high-7% to 8% talk. The deal was up about 0.75 points Tuesday afternoon, according to investors. Buyers

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