Chile starts 2018 capital markets efforts with euro issuance

Chile starts 2018 capital markets efforts with euro issuance

Bonds Debt Capital Markets Chile

Chile has started its capital markets efforts for 2018, turning to Europe for €830m ($1bn) in 2029 paper, DCM sources confirmed. BNP Paribas, HSBC and Santander started price talk between 50bp and 55bp over mid-swaps, before setting guidance at 40bp and 45bp, DCM bankers said. Orders were 3.4x oversubscribed, enabling the trio to revise spreads to between 35bp and 38bp over mid-swaps. By launch, the sovereign issuer was set on the tighter side of guidance, or 35bp over mid-swaps. Chile priced it

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