LATAM Airlines Group has issued a bond in Chile’s capital market as part of a Dutch auction, a first for LATAM on the Santiago Stock exchange, Bolsa de Comercio de Santiago. The transaction has a risk rating of BBB+ by Feller-Rate and Fitch for the approved line, and was placed under Series E for 5 million Unidades de Fomento (UF) over 10 years, with a monthly interest payment at a placement rate of 2.73%, representing a spread of 201 basis points over the reference rate, running 67 basis points during the auction regarding the subscription rate. Credicorp Capital and Santander

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