By Christine Van Dusen
Atlanta, Oct. 26 - Chile priced $1.5 billion of 10- and 30-year notes (Aa3/A+/A+) with bookrunners Bank of America Merrill Lynch, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, a market source said.
A $750 million tranche of 2¼% notes due in 2022 priced at 98.858 to yield Treasuries plus 55 basis points. The notes priced tighter than talk, which was set at the Treasuries plus 75 bps area.
A $750 million tranche of 3 5/8% notes due 2042 priced at 98.398 to yield Treasuries plus 75 bps. Those notes priced tighter than initial guidance in the Treasuries plus 100 bps area.
Proceeds from the Securities and Exchange Commission-registered deal will be used for general purposes of the government.
| Issuer: | Chile
|
| Amount: | $1.5 billion
|
| Description: | Notes
|
| Bookrunners: | Bank of America Merrill Lynch, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC
|
| Trade date: | Oct. 26
|
| Settlement date: | Oct. 30
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Distribution: | Securities and Exchange Commission registered
|
|
|
| Notes due 2020
|
| Amount: | $750 million
|
| Maturity: | Oct. 30, 2022
|
| Coupon: | 2¼%
|
| Price: | 98.858
|
| Spread: | Treasuries plus 55 bps
|
| Price talk: | Treasuries plus 75 bps area
|
|
|
| Notes due 2042
|
| Amount: | $750 million
|
| Maturity: | Oct. 30, 2042
|
| Coupon: | 3 5/8%
|
| Price: | 98.398
|
| Spread: | Treasuries plus 75 bps
|
| Price talk: | Treasuries plus 100 bps area
|
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