December 20, 2012
Chile’s Saesa is expected to issue UF2.5m ($121m) in Chile’s local bond mar
Chile’s Saesa is expected to issue UF2.5m ($121m) in Chile’s local bond market today. The electricity transmission company is able to 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 are managing the transaction, rated AA/AA on a national scale. Saesa sold UF2m in domestic bonds in its last deal in October 2011.