Aguas Andinas issues more green bonds

Aguas Andinas issues more green bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Chile

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

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