Transelec trades up as Chileans stay tight

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Transelec trades up as Chileans stay tight

Chile
Chile. Valley of Geysers in the Atacama Desert | Kseniya Ragozina - Fotolia

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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