Chile sets price guidance of MS+80-85bp on January 2025 euro bond
By Michael Turner
LONDON, Dec 3 (IFR) - The Republic of Chile has set price guidance of mid-swaps plus 80-85bp on a January 2025 euro-denominated benchmark-sized bond, according to a lead.
This compares to initial price thoughts released earlier on Wednesday of mid-swaps plus 90bp area.
Lead banks Citigroup, HSBC and Santander will close the order books for the deal at 1230GMT for non-US investors and 1330GMT for US investors.
The SEC-registered deal is expected to price on Wednesday.
Chile is also considering a concurrent long 10-year US dollar-denominated deal.
Chile is rated Aa3 by Moody's, AA- by Standard & Poor's and A+ by Fitch. (Reporting By Michael Turner; editing by Sudip Roy)
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