By Sarah Lizee
Olympia, Wash., June 25 – Chile priced €861 million of global notes due 2031 (expected ratings: A1/A+/A) at par to yield 0.83%, or mid-swaps plus 50 basis points, according to an FWP filing with the Securities and Exchange Commission on Tuesday.
The joint lead managers and bookrunners are Credit Agricole CIB, JPMorgan Securities plc and Societe Generale.
The notes will be callable at any time on or after April 2, 2031 in whole or in part at par plus accrued interest and additional amounts, if any, up to but excluding the redemption date.
Proceeds will be used for general government purposes. Chile will invest an amount equal to the proceeds into projects that may qualify as eligible green expenditures under its Green Bond Framework.
Last week, Chile also priced $1.42 billion of 3˝% global notes due at 99.439 to yield 3.53%, or Treasuries plus 95 bps, according to an FWP filing with the SEC.
The joint lead managers and bookrunners of that green deal were BNP Paribas Securities Corp., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc.
| Issuer: | Chile
|
| Description: | Global notes
|
| Amount: | €861 million
|
| Maturity: | July 2, 2031
|
| Bookrunners: | Credit Agricole CIB, JPMorgan Securities plc and Societe Generale
|
| Coupon: | 0.83%
|
| Price: | Par
|
| Yield: | 0.83%
|
| Spread: | Mid-swaps plus 50 bps
|
| Call: | Callable at any time on or after April 2, 2031 in whole or in part at par plus accrued interest and additional amounts, if any
|
| Trade date: | June 25
|
| Settlement date: | July 2
|
| Expected ratings: | Moody’s: A1
|
| S&P: A+
|
| Fitch: A
|
| Distribution: | SEC registered
|
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