December 17, 2012
ENAP has started a roadshow for a local market issue of $300m-equivalent, a
ENAP has started a roadshow for a local market issue of $300m-equivalent, according to sources familiar with the Chilean state-owned oil company’s plans. It is expected to issue next month, perhaps the week of January 7 or 14. The issuer can choose among a 3-year bullet in pesos at 6.4%, a 5-year bullet in UF at 3.4%, and a 21-year bullet in UF at 3.7%. Banchile-Citi, JPMorgan and Scotia are managing the sale, rated AAA/AA+ on a national scale.