GNL Quintero taps strong demand for 2029

GNL Quintero taps strong demand for 2029


Chilean natural gas company GNL Quintero sold a $1.1bn 2029 bond on Thursday, squeezing the price substantially on the back of $5bn in orders, LatinFinance heard. The bond carries a 4.634% coupon and was sold at par. It was priced at 212.5bp over US Treasuries, the lower end of the 212.5bp to 225bp price guidance heard earlier in the day. Initial price thoughts for the deal were of Treasuries plus mid-200bp, LatinFinance heard. “I’ve heard that it went really well … Demand was very strong, even

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