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CHILE: New Issue: 7-Year EUR Benchmark Social Bond, IPT MS+130 Area

CHILE
  • Chile is launching a new July 2031 dated Euro Benchmark social bond. Initial price talks is in mid-swaps +130bps area, and the deal may price today. Chile is expecting to invest an amount equal to the proceeds from the sale of the notes, net of the underwriting discount and certain expenses, into projects that may qualify as “eligible social expenditures” under Chile’s Sustainable Bond Framework.
  • Bloomberg have released the following details on the deal: 
    • Coupon: Annual, act/act
    • Issuer: Chile Government International Bond (CHILE)
    • Exp. Ratings: A2/A/A-
    • Format: SEC registered, senior unsecured, social bond
    • Settlement: July 9, 2024, Denoms: 100k x 1k
    • Bookrunners: BofA, HSBC, JPM, SocGen (B&D)

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