Endesa Goes Long in UF

Endesa Goes Long in UF

Chile

Chile’s state-owned electricity company Endesa has issued $332m equivalent (UF10m) in 21-year inflation linked 4.75% coupon bonds at 99.33 to yield 4.81%. The issuer was also considering selling 5 and 10-year notes for a maximum UF10m size, but placed the whole deal at the long end. “Demand at better pricing, curiously enough, was at the longer tenor,” Santiago-based BBVA director Alejandro Bertrand tells LatinFinance. “Endesa is a safe haven for Chilean investors,” he adds. Bertrand says that t

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