Published on 11/6/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Chile's BancoEstado sells $500 million 2% senior notes due 2017 at 137.5 bps spread
By Christine Van Dusen
Atlanta, Nov. 6 - Banco del Estado de Chile (BancoEstado) priced $500 million 2% five-year notes (Aa3/A+/A+) at 99.65 to yield Treasuries plus 137.5 basis points, a market source said.
Citigroup, Deutsche Bank, HSBC and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
BancoEstado is a lender based in Santiago, Chile.
| Issuer: | Banco del Estado de Chile (BancoEstado)
|
| Amount: | $500 million
|
| Maturity: | Nov. 9, 2017
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Deutsche Bank, HSBC, JPMorgan
|
| Coupon: | 2%
|
| Price: | 99.65
|
| Spread: | Treasuries plus 137.5 bps
|
| Trade date: | Nov. 5
|
| Settlement date: | Nov. 9
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Distribution: | Rule 144A and Regulation S
|
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