June 24, 2019 |
ISA Intervial said it has issued UF5m ($202m) in inflation-linked notes to fund works on the Ruta del Maipo toll road concession in Chile.
The bookrunner Scotiabank priced the 11.5-year notes at UF plus 1.22%, or 70bp over the benchmark, after the order book reached 2.3 times the amount offered, ISA Intervial said.
ISA Intervial said it will use UF4.7m from the bond sale to build a third lane between Rancagua and San Francisco. It will use the remaining UF300,000 to pay off debt. The concessiona
Colombian conglomerate sells $200m in inflation-linked for the Ruta del Maipo