Red Salud Raises UF2m

Chile’s Red Salud has raised UF2m ($92m) in the domestic bond market as it looks to make new investments and refinance debt. It priced a CLP21.80bn ($45m) peso-denominated 5-year bullet at 99.25, with a 6.50% coupon to yield 6.70%, or government bonds plus 187bp. It also priced a UF1m 21-year inflation-linked bond at 101.20 with a 4.25% coupon to yield 4.14%, or 144bp over comparable government debt. The deal saw more than 2x demand. Celfin and IMTrust led the sale, rated A on a national scale.