March 16, 2020 |
Chile's Grupo EFE said on Friday that it plans to sell up to UF3.87 million ($132 million) in inflation-linked notes in the first half of the year to raise money to cover investments.
The state-owned rail company said it received the go-ahead for the deal from the Finance Ministry, according to a securities filing.
The bullet bonds will mature in 10 to 35 years and come denominated in unidades de fomento, or UFs, a unit of account adjusted for inflation. The notes will pay no more than 150 basis
Chile's state-owned rail company plans to raise $132 mln in the local market