January 30, 2018 |
Chile returned to the capital markets on Monday for $1.015bn in 2028 paper, just three business days after raising €830m ($1bn) in Europe, DCM sources told LatinFinance.
Bank of America Merrill Lynch, Citi, Goldman Sachs and JPMorgan started price talk at 75bp over US Treasuries, before tightening yield to 60bp at guidance. Sufficient demand meant Chile had the luxury of launching the trade on the tight side of guidance, or 55bp over Treasuries, sources said.
The 2028 bond priced with a 3.24%
Sovereign issuer prints another $1bn in bonds, combines sale with LM exercise for five series of notes