Creating and distributing additional copies is prohibited without the permission of the publisher. Contact

Chile Chases Brazil

Jul 1, 2011

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 government’s 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 demand.

The government will continue to hold a 5 % stake...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events


Are populist governments like Venezuela & Argentina turning pragmatic?