April 12, 2019 |
Chile's Aguas Andinas said it has sold UF2m ($79.9m) in inflation-linked green bonds in the local market, the water company's second such sale in a year.
The 25-year notes received UF5.5m in orders and priced with a coupon of 2.5%, or 54bp over treasury bonds. Scotiabank coordinated the sale.
Aguas Andinas said it will use roughly 40% of the money to pay off bank loans and invest the rest in water treatment projects. The company has outlined $121m in investments in a water supply project in Pirq
Chilean water company raises $80m in its second sale in a year