Vías Chile refinances debt with local notes

Vías Chile refinances debt with local notes

Bonds Capital Markets Debt Fixed Income Project & Infrastructure Finance Chile Andean

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 ro

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