October 6, 2017 |
Chile's Banco de Crédito e Inversiones (BCI) raised $500m in 10-year notes on Thursday, DCM sources told LatinFinance.
Bookrunners Citi, HSBC and Standard Chartered started initial price talk (IPT) at 150bp over US Treasuries before tightening to 130bp to 140bp over Treasuries.
The trio priced the transaction on the tighter end of guidance at 130bp, with a coupon of 3.5% to yield 3.648%, or a cash price of 98.769, a DCM banker working on the deal said.
One investor said BCI's new paper offere
Chilean financial institution raises $500m in 2027s on the tighter end of guidance