Chilean Lender Sets Target

Chilean Lender Sets Target

Chile Bonds

After a nearly two-week hiatus for LatAm cross-border bond issuance, Chile’s Grupo Tanner Servicios Financieros is ready to reopen the market as soon as today, expecting a yield in the low-to-mid 300bp range for a new $250m 2018, according to people following the sale. Bankers on the BBB minus/BBB minus deal are pointing to Chilean lender CorpBanca’s (Baa1/BBB+) 2018 bond, trading at UST+274bp Tuesday, as well as BCI’s (A1/A) 2017, trading at UST+273bp, as reference points, among other regional

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