Brazilian corporates will almost certainly dominate equity
offerings in the region this year with $8.13 billion al-ready
sold through June 15, but Chile is also making its presence
felt with several new listings and a growing pipeline. Chilean
new issuance volumes hit $3.09 billion equivalent through June
15, up from $575 million in the corresponding period last year.
Among the biggest Chilean deal this year was the
governments sale of 30% of water utility Aguas Andinas,
which was part of its post-earthquake privatization scheme to
help raise funds. State entity Corporación de Fomento de
la Producción (Corfo) raised $979 million equivalent
through the follow-on at 250 pesos per share, a 3.8% discount
to trading levels, after generating close to $2 billion in
The government will continue to hold a 5 % stake...
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