Transelec tightens price

Transelec tightens price

Bonds

Chilean power company Transelec sold a 4.25% $375m 2025 bond on Wednesday, tightening the price by nearly 20bp thanks to a book that reached over $2bn. The paper was priced at 98.982 to yield 4.372%. JPMorgan and Scotiabank were global coordinators and bookrunners, with Citi and Bank of Tokyo-Mitsubishi UFJ acting as bookrunners. The banks issued initial price thoughts of 195bp over US Treasuries that they later tightened to 180bp plus or minus 2bp, which saw the book shrink by around $500m, Lat

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