Rumours that a Latin American sovereign would be the first to test the sustainability-linked bond (SLB) structure became reality on Tuesday. Chile announced it would begin three days of marketing meetings, before aiming to price dollar- and euro-denominated tranches next week.
One of the bankers involved in the dual-currency deal – which is being led by a French syndicate of BNP Paribas, Crédit Agricole and Societe Generale – was understandably cautious about making any specific predictions when speaking to Euromoney on the day of the launch, given that Russian tanks were entering Ukrainian territory, but the confidence of the syndicate seems high.
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