June 22, 2017 |
Chile capped off an immediate return to the cross-border investment base, raising CLP1.29tn ($1.95bn) among global investors in a retap of its peso-denominated 4.5% 2021s and 5% 2035s.
Bookrunners Bank of America Merrill Lynch, Citi and Santander set initial price talk on the 2021 retap in the 3.75% area, before tightening yield at guidance to the 3.65% area. Leads launched the transaction at 3.6%, issuing a further CLP635bn in 2021s.
The longer-dated 2035s were set in the 4.7% area, before
Sovereign issuer adds the equivalent of $1.95bn to local currency-denominated bonds