Chile talks dollar 10-year benchmark notes at 140 bps over Treasuries, will also issue euro notes

By Christine Van Dusen

Atlanta, Jan. 12 – Chile set talk at Treasuries plus 140 basis points for a benchmark-sized offering of dollar-denominated notes due in 10 years (expected ratings: Aa3/AA-/A+), a market source said.

The sovereign is also planning to issue euro-denominated notes concurrently with a tender offer.

BofA Merrill Lynch, Citigroup, HSBC and Santander are the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds from the dollar notes will be used for general governmental purposes and to pay the purchase price for certain outstanding debt securities of Chile that are validly tendered and accepted in the offer. The proceeds from the euro notes will be used for general purposes of the government.

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