Pine Leads Brazilians into Huaso Market

Pine Leads Brazilians into Huaso Market

Brazil Chile Bonds

Banco Pine has become the first Brazilian Huaso bond issuer, raising UF1.5m ($72m) in Chile’s domestic bond market. The sale comes as several issuers had contemplated the asset class since its inception more than three years ago, with limited results. “It will open the doors for new companies to come to Chile to diversify the market, and that’s good for everybody,” says a person familiar with the sale. Bankers generally note that Huaso deals must make sense from a cost of funds perspective. So,

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial