Enap plans to sell 10-year bonds

Enap plans to sell 10-year bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Andean Chile Latin America

Chile’s Empresa Nacional del Petróleo (Enap) is seeking regulatory approval to sell 10-year inflation-linked bonds in the local market, a latest company to take advantage of low interest rates for financing. The state-owned oil company said it wants to raise UF10 million ($359 million) in the deal, according to documents filed with the securities regulator CMF. The notes will be sold in unidades de fomento, or UFs, a unit of account adjusted for inflation. Enap said it plans to use the proceeds

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