ENAP Heads to Switzerland

Nov 7, 2013

Empresa Nacional del Petroleo (ENAP) has raised CHF215m ($235m) through its first-ever Swiss Franc bond sale, one of two Chilean CHF deals Wednesday, along with Banco de Chile. The state-owned oil company priced the 2018 at 99.885 with a 2.875% coupon to yield 2.900% or MS+228bp, 12bp...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management