Quinenco prices local market bond

Quinenco prices local market bond

Bonds

Chile’s Quinenco has sold a UF2.375m ($100m) 21-year bond, drawing strong demand from insurers and pension funds. Lead managers Banchile-Citi and BBVA priced the bond to yield 3.35%, or 129bp over government bonds. The book was 2.5 times subscribed.

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