High Spreads Put Chilean Issues on Hold

High Spreads Put Chilean Issues on Hold

Chile Bonds

Several Chilean issuers are holding off domestic bond transactions until next year in the face of comparatively high spreads. For instance, Caja de Compensacion La Araucana is now targeting next year for a CLP40bn ($77m) 5-year bond, which had been expected as soon as December. Like other Chilean issuers, La Araucana has decided to wait until next year with the hope that it can lock in cheaper pricing then. As the company doesn’t have a pressing need for the funding, it can wait, says a person f

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