Masisa prices five-year as HY interest wanes

Masisa prices five-year as HY interest wanes

Bonds

Chile's Masisa sold a $300m five-year non-call three bond on Monday to yield 9.5%, in a deal that may have disappointed the company as conditions for high-yield Latin borrowers fade, observers said. Deutsche Bank, Itau, JPMorgan and Scotiabank priced the 144A/RegS deal in line with the initial price thoughts of 9.5% area, LatinFinance heard. Strong demand has driven the majority of LatAm bonds sold in recent months tighter than initial indications, leading market participants following Masisa to

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