January 31, 2020
Ruta del Algarrobo, a toll road concession in Chile owned by Spanish developer Sacyr, said it issued UF9.3 million ($331 million) worth of inflation-linked notes in the local market.
The 15-year notes, arranged by BTG Pactual and Santander, carried a fixed rate of 3.01% per year, Ruta del Algarrobo said in a securities filing.
The concessionaire added that it will use the money to pay back loans from Itaú Corpbanca and BancoEstado.
Sacyr Concessiones, the company's infrastructure concessions bus
Spanish developer raises $330 mln to pay back loans from Itaú Corpbanca and BancoEstado