May 3, 2013
Transelec is scheduled to sell up to UF3.1m ($151m) in Chile’s domestic bon
Transelec is scheduled to sell up to UF3.1m ($151m) in Chile’s domestic bond market today, say people familiar with the transaction. The power transmission company is seeking funds to refinance short-term liabilities. Its options include a 2018 tranche with a 3.70% coupon, a 3.95% tranche due 2038 and a 3.95% 2042. Banchile-Citi and LarrainVial are managing the transaction, rated A+/A+/A+ on a national scale.