Entel prices 12-year

Entel prices 12-year

Bonds

Chile’s Empresa Nacional de Telecomunicaciones (Entel) tightened the price of a $800m 4.75% 2026 bond on Thursday below guidance, but sources said negative rating actions may have dampened demand for the deal. The Baa2/BBB/BBB+ rated bond was heard to be sold at a price of 99.763 to yield 4.776%. That was 230bp over US Treasuries — below initial price thoughts of UST plus 237.5bp to 250bp, which were later tightened to UST plus 235bp area, plus or minus 5bp. Entel’s 2024 bonds were seen trading

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