Chile
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Spree of global local currency issuance is a reminder of a key strength in many countries in the turbulent region -
JBS also sells a dual-tranche as well-known names waste no time after Labor Day
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IDB Invest deal backed by government-guaranteed securities offers 90bp pick-up to sovereign
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Proposed new issue is a securitization of IDB Invest’s purchase of securities from electricity generation companies
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Next deal could include targets on climate change adaptation or biodiversity
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Sovereign jumps on strong demand for local currency to expand its stock of ESG debt
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Chilean power company was rated investment grade by S&P just three years ago
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Big name issuers finally return but aggressive approach unsustainable as aftermarket underwhelms
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Chilean company is the first LatAm issuer to link coupon step-ups with green use of proceeds in one deal
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More than half of $2.2bn-equivalent social bond went to international investors
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Bankers spot IPTs 50bp-60bp back of secondary levels
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Issuance discussions with the region's companies are constructive but investors remain cautious
