Chile enters the debt market by issuing a seven-year social bond in euros

[ad_1]

Chile entered the debt markets with a social bond, one of the first emerging market sovereign issuances in what is expected to be a slower second half of the year after a surge of activity in the first months of 2024, managing to attract offers for 3,250 million euros (US$ 3,492 million).

The South American nation sold euro-denominated securities maturing in 2031 at a spread of 105 basis points over mid-swap , as reported by Bloomberg through close sources. This compares to initial price talks of around 130 basis points.

Government and corporate borrowers in developing markets issued $321 billion in debt in the busiest first half since 2021, according to data compiled by Bloomberg.

JPMorgan Chase & Co. and Bank of America Corp. expect sales to slow more than usual going forward as volatility is expected to increase due to political risk.

Chile last hit global debt markets in January, when it sold $1.7 billion in 5-year bonds at a spread of 85 basis points over similar U.S. Treasury securities. That sale represented the entire issuance in dollars planned for the year.

[ad_1]

Source link : https://www.americaeconomia.com/en/node/287582 Author : Publish date : 2024-07-02 12:45:00 Copyright for syndicated content belongs to the linked Source .

April 2025
M	T	W	T	F	S	S
	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30

Chile enters the debt market by issuing a seven-year social bond in euros

Power ranking Copa America 2024 semifinal teams based on odds

Copa America: Shaffelburg an ‘achievement for the whole family’

Copa America: Shaffelburg an 'achievement for the whole family'

US Troops Set to Strengthen Security Along the Panama Canal in New Strategic Agreement

Paraguay expels visiting Chinese envoy who urged lawmakers to reject Taiwan – Al Jazeera

Exploration success offshore Suriname leads Petronas to consider FLNG option – Offshore Magazine

6 Dreamy Caribbean Islands Where It’s Easy to Buy Real Estate – House Beautiful

South Alabama Ranks Among the Top Online Programs in the Nation!

US plans Alaska LNG summit, will urge Japan, South Korea to support project – Reuters

TSMC Intends to Expand Its Investment in the United States to US$165 Billion to Power the Future of AI – Taiwan Semiconductor

Trump names Warren Stephens as next U.K. ambassador – The Arkansas Democrat-Gazette

Deporting millions of immigrants would shock the US economy, increasing housing, food and other prices – The Conversation

Saint Kitts and Nevis Moves Toward Republic Status, Breaking Away from British Monarchy

Categories

Archives