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Chilean mobile phone operator WOM took advantage of a better tone in bond markets on Tuesday to add $60m to its 2024 notes, first sold in November.
Leads JP Morgan and Santander set initial price thoughts at a dollar price of 102 area for the reopening of WOM’s existing 6.875% bonds. They then offered guidance of 103-103.25 and priced it at the top end of the range, 103.25, to yield 6.082%.
Moreover, the B1/B+/BB- rated tap was increased from the initially touted size of $50m. WOM originally sold $450m of the bonds at...