EFE issues UF notes

EFE issues UF notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Project & Infrastructure Finance Chile Andean

Chile's Grupo EFE has sold UF3.6m ($144m) in inflation-linked bonds at the lowest rate for a corporate issuer in more than 20 years, LatinFinance has heard. The state-owned railroad company issued 29.5-year notes with a coupon of 2.65%, or 30bp over sovereign bonds, said a source involved in the deal. The bookrunner Scotiabank received UF8.96m in orders, or almost 2.5 times more than the supply, the source added. The local credit rating agencies ICR and Humphreys gave the government-backed bon

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial