January 12, 2017 / 3:40 PM / a year ago

Chile announces peso-denominated 144A/Reg S bond tap

NEW YORK, Jan 12 (IFR) - The Republic of Chile announced on Thursday a peso-denominated 144A/Reg S bond due February 28 2021, with pricing set as early as January 18.

The new bond is a tap of a local instrument that priced last year and will be sold in a Euroclearable format to foreign investors, a source familiar with the deal told IFR.

The security carries a 4.5% annual coupon, accruing from the issuance date of September 1 2016. The deal is governed by Chilean law and is listed on the Santiago Stock Exchange.

Bookrunners are BNP Paribas, Citigroup, Goldman Sachs and JP Morgan. Local currency ratings are Aa3/AA/AA-.

The bond is being led by BNP Paribas, Citigroup, Goldman Sachs and JP Morgan. The country’s local currency ratings are Aa3/AA/AA-. (Reporting by Paul Kilby; Editing by Marc Carnegie)

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