Flash Report /

LatAm Credit: SQM launches at T+170bps

    Rafael Elias
    Rafael Elias

    Director, Latin America Credit

    Tellimer Research
    2 May 2019
    Published by

    Sociedad Quimica y Minera de Chile (Soquimich or SQM) set the launch size and spread of its 10-year 144A/RegS senior unsecured (rated Baa1/BBB+) bond at US$450mn and US Treasuries plus 170bps, respectively.

    We stated earlier today that we believed SQM would be able to print at cT+185bps, which suggests to us that demand was very strong.