LatAm roars back as SQM notches tight return

By Oliver West
23 Oct 2014

Just a week ago, some debt bankers were worried that broad volatility could shut down LatAm bond markets for the rest of the year. But on Thursday Sociedad Química y Minera de Chile (SQM) notched a new issue concession of close to zero for a refinancing exercise as Chilean corporates became the main beneficiaries of what proved to be excellent issuance conditions.

In a week in which investors' concerns over slow global growth appeared to relax but in which base rates — despite selling off somewhat — remained attractively low, SQM and fellow Chilean Falabella took advantage of strong demand. However, their compatriot E-CL still would not announce its deal.

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