May 13, 2013
Fresh off of a domestic bond, Chile’s Transelec is looking to raise at leas
Fresh off of a domestic bond, Chile’s Transelec is looking to raise at least $200m in 10-year cross-border bonds. The power transmission company has received approval for an international deal that would be yet another debut from an Andean credit. A frequent issuer locally, it sold UF3.1m ($151m) in Chile's domestic market earlier this month, pricing a 3.95% 2042 at a 3.99% yield through Banchile-Citi and LarrainVial. Transelec is rated BBB minus on an international scale.