Banco Santander Chile adds to LatAm push into Swissies
Banco Santander Chile sold its second Swiss franc deal of the year on Tuesday, pricing the six year debt comfortably inside the trading of its other bonds in the currency. Swiss franc investors are becoming increasingly comfortable with Chilean credits, with Santander's deal being the sixth from the country this year.
Sole lead UBS priced the Sfr150m ($160.3m) 1.75% six year notes at 75bp over mid-swaps, in line with guidance at 75bp over area. The deal was announced on Tuesday afternoon and UBS closed books after just two hours.
“The issuer was looking to extend the duration of its
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