Chilean Tightens in Bond Return

Chilean Tightens in Bond Return

Chile Bonds

Transelec returned to the international markets to raise a $300m 2023 bond, getting $900m demand from 44 accounts and showing that the market remains open for investment-grade issuers. The Baa1/BBB minus Chilean electric transmission operator priced at 99.336 with a 4.625% coupon to yield 4.709% or UST+220bp, the tight end of 225bp (+/- 5bp) guidance that came in from 237.5bp-area talk. Participating investors viewed the transaction as offering fair value for a stable triple-B credit, while the

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial