SQM Upsizes, Pierces Curve

SQM Upsizes, Pierces Curve

Chile Bonds

Sociedad Quimica y Minera de Chile (SQM) has upsized a new 2023 bond issue to $300m from $250m, after order books peaked at $2bn. In its first international DCM deal in three years, the Baa1/BBB Chilean specialty fertilizer and industrial chemical company priced inside of expectations and through its USD curve. The senior unsecured bond priced at 99.246 with a 3.625% coupon to yield 3.716%, or UST+180bp, the tight end of 185bp-area guidance that followed “very low”-200bp talk. The bonds were hea

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