October 16, 2020 |
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
Chile's state-owned oil company sets up $359 mln in inflation-linked notes