By Christine Van Dusen
Atlanta, Dec. 3 – Chile priced €800 million 1 5/8% notes due Jan. 30, 2025 (expected ratings: Aa3/AA-/A+) at 98.892 to yield 1.745%, or mid-swaps plus 75 basis points, on Wednesday, a market source said.
The notes were talked at a spread in the mid-swaps plus 75 bps to 80 bps area.
Citigroup, HSBC and Santander were the bookrunners for the Securities and Exchange Commission-registered deal.
Chile is also expected to price dollar-denominated notes due in March 2025. The notes were talked at a spread in the very low-100 bps area.
The proceeds will be used for liability management and for general governmental purposes.
| Issuer: | Chile
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| Amount: | €800 million
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| Description: | Notes
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| Maturity: | Jan. 30, 2025
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| Bookrunners: | Citigroup, HSBC, Santander
|
| Coupon: | 1 5/8%
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| Price: | 98.892
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| Yield: | 1.745%
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| Spread: | Mid-swaps plus 75 bps
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| Trade date: | Dec. 3
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| Settlement date: | Dec. 12
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| Expected ratings: | Moody’s: Aa3
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| Standard & Poor’s: AA-
|
| Fitch: A+
|
| Distribution: | Securities and Exchange Commission registered
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| Price talk: | Mid-swaps plus 75 bps to 80 bps area
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