December 14, 2012
Saesa is planning to issue UF2.5m ($121m) in Chile’s local bond market on December 20. The electricity transmission company can choose from a 7-year tranche with a 3.40% coupon and a 21-year tranche with a 3.75% coupon. The proceeds will be used to refinance debt. IMTrust and BCI lead the deal, rated AA/AA on a national scale. Saesa sold UF2m in domestic bonds in its last deal in October 2011.