WOM bonds plummet

Our Latin American Fixed Income Analyst, Cristián Zañartu, was consulted on the matter by Diario Financiero, and said that "it has been a dark two weeks for the company", since "WOM was supposed to present results this Thursday, but on Monday it announced that it was going to postpone the presentation".

"The second point that makes the market doubt is its capacity to refinance the 2024 bond; in theory they are working with the banks to achieve this through a syndicated loan. In addition, the collection of a guarantee bond by Subtel has not yet been closed," explained Zañartu.