May 31, 2019 |
Vías Chile said it has raised UF14m ($545m) from a two-part bond deal in the local market, split between UF10m in 11.5-year notes and UF4m in 6.5-year notes.
The deal marked the largest debt sale in Chile in 15 years, according to local press reports.
Vías Chile priced the 11.5-year notes at 1.44% for a spread of 58bp over the local benchmark as orders peaked at 2.1 times the supply. It priced the 6.5-year notes at 1.14% for a spread of 60bp as demand reached 2.8 times the supply.
The toll road
Abertis subsidiary raises $545m in the largest bond sale in Chile in 15 years