BCI Prices Inside Expectations

BCI Prices Inside Expectations

Chile Bonds

Chile’s Banco de Credito e Inversiones (BCI) has priced a new $500m senior unsecured 2023 bond as investors filled a $1.8bn book. The A1/A bank’s second-ever international bond priced at 99.275 with a 4.000% coupon to yield 4.089%, or UST+212.5bp, tight to 225bp-237.5bp guidance. The bonds were trading up 0.25 points late Wednesday, traders say. Lead managers say the deal priced 50bp-55bp wide of where a new 10-year bond would price from government-owned lender Banco del Estado de Chile (Aa3/A+/

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