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LONDON, May 19 (IFR) - The Republic of Chile has started marketing a minimum 250m tap of its euro-denominated January 2025 bond at mid-swaps plus 65-70bp, according to a lead.
The sovereign has also announced initial price thoughts of 95bp area over mid-swaps for a new euro-denominated benchmark-sized 15-year bond.
Chile, which is rated Aa3/AA-/A+, will launch and price the bonds later today.
HSBC, JP Morgan and Santander GBM are the leads. (Reporting by Sudip Roy, editing by Julian Baker)