Published on 2/7/2013 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Banco de Credito e Inversiones sells $500 million 4% notes due 2023 at 212.5 bps spread
By Christine Van Dusen
Atlanta, Feb. 7 - Chile's Banco de Credito e Inversiones SA priced $500 million 4% 10-year notes (A1/A/) at 99.275 to yield Treasuries plus 212.5 basis points, a market source said.
Citigroup, HSBC and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
The issuer is a lender based in Santiago, Chile.
| Issuer: | Banco de Credito e Inversiones SA
|
| Amount: | $500 million
|
| Maturity: | Feb. 11, 2023
|
| Description: | Notes
|
| Bookrunners: | Citigroup, HSBC, JPMorgan
|
| Coupon: | 4%
|
| Price: | 99.275
|
| Spread: | Treasuries plus 212.5 bps
|
| Trade date: | Feb. 7
|
| Settlement date: | Feb. 11
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
