AWARDS: BEST BOND, BEST POWER FINANCING, BEST INFRASTRUCTURE FINANCING: ANDES

Sep 20, 2017

Kevin Gray

CELEO REDES

Strong investor appetite for Latin American debt in the first half of the year proved a boon for some first-time Andean borrowers. Chilean power transmission company Celeo Redes capitalized on the buoyant sentiment, becoming the first project bond issuer from Chile to simultaneously tap international and local markets.

In May, Celeo Redes raised $600 million in a two-part deal that some financiers say may become a model for other transactions in the region. The $379 million cross-border bond portion was priced to yield 5.2%, and the $221 million in inflation-linked local Unidad de...

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