ENAP Issues Domestic Bonds

ENAP Issues Domestic Bonds

Chile Bonds

ENAP has issued UF6m ($289m) in Chile’s domestic bond market, according to people familiar with the transaction. The state-owned oil company priced a UF2m, 5-year bullet tranche at 98.54 with a 3.4% coupon to yield 3.75%, or government bonds plus 113bp. A UF4m, 21-year bullet tranche priced at 94.70 with a 3.7% coupon to yield 4.09%, or government bonds plus 133bp. Demand for both tranches was said to exceed the amount offered, though the specific demand was not available. The proceeds are to be

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