Chile's GEN preps bond issue to cut financing costs

Chile's GEN preps bond issue to cut financing costs

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Chile

Grupo Empresas Navieras (GEN), a Chilean holding company with interests in port terminals and shipping lines, plans to sell UF5.5m ($214m) in 30-year, inflation-linked bonds to refinance existing debt, two market sources said. GEN did not respond to requests for comment on its fundraising plans, but the sources said the company has filed documents to sell bonds with Chile's financial market commission CMF. "The company is still deciding when to go to the market," one source said. GEN had around

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