Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Los Andes suspends global bond debut
    Investments

    Los Andes suspends global bond debut

    July 18, 20242 Mins Read


    Chilean payroll lender Caja Los Andes has called off a proposed bond sale in the international market as it was unhappy with the pricing being sought by investors during talks last week, according to a source involved in the deal.

    “We went to the market, but there was no agreement,” the source said.

    “We received good feedback, interest [from investors], but at a price that was not affordable for the client. Banks are extremely price-sensitive and have other alternative sources of financing,” the source said.

    Los Andes had been looking to sell five-year bonds in its inaugural international notes offering to pay down short-term market and banking debt, fund social projects and cover other general corporate purposes, according to Fitch and S&P.

    The bank also saw the sale as a way of diversifying its sources of funding, but decided not to proceed with the issuance because the pricing was “not at the level they wanted,” the source added.

    S&P assigned the proposed notes a BBB rating, while Fitch was expecting to rate it BBB-.

    Los Andes raised UF2.1 million ($85.4 million) in a sale of five-year inflation-linked bonds in the local market in April for social loans and also took out a $62 million credit line from SMBC in February for the same purpose.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    I have a £900,000 pension pot, how much income will I be able to get in retirement?

    Investments

    Hochul blames ‘lack of investments’ for MTA’s hellish service meltdowns, even as bloated transit agency eyes fare hike to $3

    Investments

    UFC icon Dustin Poirier confirms new career post-retirement

    Investments

    Travis Kelce stuns NFL fans with telling transformation that hints retirement could be closer than ever

    Investments

    Why finding the right property manager is a must

    Investments

    Should UK-based clients still own US government bonds? 

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Gold, silver price today, August 12, 2024: Precious metals record hike on MCX

    Cryptocurrency

    Will Trump Undo 90D Tariff Pause, triggering Stock and Crypto Market Crash?

    Fintech

    Baron FinTech Fund Q2 2024 Shareholder Letter

    Editors Picks

    Charter Hall Retail REIT augmente sa participation dans Hotel Property Investments à près de 67%. -Le 24 janvier 2025 à 01:03

    January 23, 2025

    Vivo Energy Maroc et NARSA renforcent leur coopération – Telquel.ma

    February 21, 2025

    Bond Yields Sink on Bets Fed Will Cut in September: Markets Wrap

    July 11, 2024

    CFTC takes legal action against firm for commodity pool scheme

    October 30, 2024
    What's Hot

    Santander’s Getnet Launches Unified LatAm Payment System for Merchants

    October 26, 2024

    Investments set to unlock growth opportunities

    March 24, 2025

    UK property insurance payouts hit highest level since 2007

    January 14, 2025
    Our Picks

    DBV Technologies publie ses résultats financiers du 1er trimestre 2025

    April 30, 2025

    Philippines secures record ₱1.9 trillion in investments last year

    February 23, 2025

    What Will The White House Do With The Cryptocurrency Market This Week

    March 10, 2025
    Weekly Top

    Olympic champion Sha’Carri Richardson arrested for domestic violence after row with sprinter boyfriend Christian Coleman

    August 2, 2025

    Experts make surprising discovery that could have major impact on agricultural lands: ‘More valuable’

    August 2, 2025

    How Twisted Metal Left a Scar – Literally

    August 2, 2025
    Editor's Pick

    Russian Commodities Aren’t Safe from Houthi Attacks in Red Sea

    July 25, 2024

    Mirae Asset’s spot gold ETF tops $2.5b in net assets

    February 12, 2025

    Tesla moves $765 million in Bitcoin to unknown wallets

    October 17, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.