EFE Targets Domestic Bond

EFE Targets Domestic Bond

Chile Bonds

EFE is heard considering Friday to issue up to UF2.9m ($131m) in Chile’s domestic bond market. The state railway is able to choose among 25-year bullet bonds with a 3.6% coupon and 29.5-year bullet bonds with a 3.6% coupon. The UF-denominated notes are guaranteed by the Republic of Chile. Proceeds from the sale will help finance EFE’s strategic plans. Banchile is managing the transaction, rated AAA on a national scale. The deal would follow a UF1.9m transaction in April, in which EFE placed a 3.

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