Chile

Kernel — Podravka — Masisa — Fabory

Chilean-headquartered wood products company Masisa has signed a five year loan from four lenders.

Chilean lender Banco de Chile is to issue $100m of senior unsecured floating rate notes, according to Moody’s and Standard & Poor’s.

Chilean state-owned lender Banco del Estado de Chile raised ¥15bn ($147m) in 10 year bonds this week through a tap of its 'women bonds' initially issued in June.

EM bond investors said they expected a strong local bid to push new bonds from Chilean government-owned oil company Empresa Nacional de Petróleo (Enap) tighter after the company raised $700m of 10 year senior unsecured bonds on Tuesday.

Chile’s national oil company Enap raised $700m of senior unsecured bonds on Tuesday as an attractive new issue concession tempted investors despite the company’s high leverage.

Chilean state-owned oil company Empresa Nacional de Petróleo (Enap) will look to tap the bond markets next week to fund a buyback of existing debt as Latin American companies continue to turn to tender offers just as often as the new issue market.

Empresa Nacional de Petróleo (Enap), the Chilean state-owned oil company, will begin meeting investors on Monday ahead of a planned first dollar bond in nearly two years.

Latin American DCM bankers are hoping that Transelec’s blow-out bond issue on Thursday will encourage more investment grade issuers from the region to come to market, saying that deal’s success was in part down to the short supply of triple-B corporates in primary markets.

Bond market participants said that the warm reception for Chilean utility Transelec’s latest issue on Thursday showed that there was huge pent-up demand for EM high grade corporates in a Lat Am primary market dominated by sub-investment grade Brazil and Argentina.

Brexit is here, and so is our round-up! This week: Fullgoal Asset Management launches its first RMB ETF in Europe, the Hong Kong Exchange runs further Shenzhen Connect testing, and China announces direct trading of the RMB against the Korean won. Plus, a recap of our coverage this week.

Chilean state-owned lender Banco del Estado de Chile’s CFO told GlobalCapital that the issuer would look at issuing more SRI bonds after selling a so-called “women bond” denominated in Japanese yen on Friday.