Sacyr sells peso notes in Chile

Sacyr sells peso notes in Chile

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

Sacyr's infrastructure concessions division in Chile said it has sold CLP191bn ($281m) in peso-denominated notes at "historical rates" in the local market. Sacyr Concesiones split the issue into two parts, pricing CLP154bn in 12-year notes at a fixed rate of 1.3% and CLP37.2bn in nine-year notes at 1.25%, the company said in a press release. The order books filled up to two and a half times the offer, Sacyr said. It also said it will use the money to pay off debt and fund investments in Chile.

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