Chilean Power Company Taps Domestic Market

Chilean Power Company Taps Domestic Market

Chile Bonds

Electric utility Inversiones Electricas del Sur has sold UF3m ($135m) in Chile’s local bond market, according to people familiar with the transaction. It sold the 21-year bonds at 100.24 with a 4.00% coupon to yield 3.88%, or government bonds plus 142bp. Proceeds from the sale, rated A+ on a national scale, will be used to repay short-term debt and for the borrower’s investment plans. BCI and IMTrust managed the transaction, one of the few from a non-financial issuer in the domestic market this

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