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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