Engie plugs in new notes for buyback

Engie plugs in new notes for buyback

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Electricity Chile Europe

Engie Energía Chile, the Chilean subsidiary of the French electric utility company Engie, sold $500 million worth of 2030 notes on Thursday, raising money to buy back its 5.625% notes due in 2021.  The company priced the new notes at 99.296 with a coupon of 3.4% to yield 3.484%, or 175 basis points over US Treasury bonds, said a source involved in the deal. Engie intends to settle the new notes on January 28. Engie opened the initial price talk for the new notes at above 200 basis points over US

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