Transelec prefunds as Chileans stay tight

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Emerging Markets
EM LatAm

Transelec prefunds as Chileans stay tight

Oliver West
July 10, 2014 06:15 AM
Chile, Transelec
Santiago, Chile. 29th June 2014 -- Children seen holding a Chilean Flag as they wait for the national football team to arrive after they returned home from the World Cup. -- Thousand of people gathered outside La Moneda Government Palace waiting for the national football team to arrive after they returned home from the World Cup. Chile were knocked out of the tournament by Brazil after a 3-2 penalty shootout. | Cesar Gonzalez / Demotix/Demotix/Press Association Images

Emerging market bond investors say they are finding little value in investment grade Chilean corporates after power transmission company Transelec continued LatAm’s lengthening run of blowouts with a $375m deal sold inside its existing — admittedly illiquid — bond.

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Oliver West
US Bureau Chief - Latin America Editor
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