By Christine Van Dusen
Atlanta, Sept. 8 - The Republic of Chile priced a two-tranche issue of notes (Aa3/A+/A+) due 2020 and 2021 via bookrunners Deutsche Bank and HSBC, a market source said.
The deal included $1 billion 3¼% notes due Sept. 14, 2021 that priced at 99.131 to yield Treasuries plus 130 basis points. The notes were talked at the Treasuries plus 135 bps area.
The second tranche was a CLP 162.05 billion add-on to the sovereign's 5½% notes due Aug. 5, 2020, which came to the market at 108.018 to yield 4.4%. Price talk was set at the 4½% area.
Proceeds from the Securities and Exchange Commission-registered deal will be used for general governmental purposes.
| Issuer: | Republic of Chile
|
| Bookrunners: | Deutsche Bank, HSBC
|
| Trade date: | Sept. 7
|
| Settlement date: | Sept. 14
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
| Distribution: | Securities and Exchange Commission registered
|
|
|
| Notes due 2021
|
| Amount: | $1 billion
|
| Maturity: | Sept. 14, 2021
|
| Coupon: | 3¼%
|
| Price: | 99.131
|
| Spread: | Treasuries plus 130 bps
|
| Price talk: | Treasuries plus 135 bps area
|
|
|
| Notes due 2020
|
| Amount: | CLP 162.05 billion
|
| Maturity: | Aug. 5, 2020
|
| Description: | Notes
|
| Coupon: | 5½%
|
| Price: | 108.018
|
| Yield: | 4.4%
|
| Price talk: | 4½% area
|
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