Carozzi Joins Chilean Bonds Likely on Hold

Chile’s Empresas Carozzi expects to delay its domestic market bond issue, according to sources following the sale, joining a line of issuers waiting for better conditions. The food and agricultural products producer had been targeting up to UF3m ($131m) later this month. It has decided to wait for better market conditions, says the source, adding that there have been few issuances in the last several weeks, with corporate players overall – save for the largest, and most highly-rated – putting their plans on hold. Banchile-Citi is managing the sale.