Published on 9/7/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Banco de Credito e Inversiones sells $600 million 3% notes due 2017 at 245 bps spread
By Christine Van Dusen
Atlanta, Sept. 7 - Chile's Banco de Credito e Inversiones SA priced $600 million 3% five-year notes (A1/A/) at 99.426 to yield 3 1/8%, or Treasuries plus 245 basis points, a market source said.
Citigroup and JPMorgan were the bookrunners for the deal, which attracted $3 billion in orders.
The issuer is a lender based in Santiago, Chile.
| Issuer: | Banco de Credito e Inversiones SA
|
| Amount: | $600 million
|
| Maturity: | Sept. 13, 2017
|
| Description: | Notes
|
| Bookrunners: | Citigroup, JPMorgan
|
| Coupon: | 3%
|
| Price: | 99.426
|
| Yield: | 3 1/8%
|
| Spread: | Treasuries plus 245 bps
|
| Trade date: | Sept. 6
|
| Settlement date: | Sept. 13
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
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