Chile’s Entel nets $1bn debut tight to peer

Chilean telco Empresa Nacional de Telecomunicaciones (Entel) became the latest Latin American borrower to clinch another blowout bond deal on Thursday. The Baa1/BBB+ rated company printed an inaugural international bond of $1bn around 30bp tight to where bankers estimated its closest peer Telefónica Chile (BBB+/BBB) would have priced a new deal.