March 9, 2020 |
Empresa Eléctrica Cochrane, a division of the Chilean power utility company AES Gener, plans to sell the equivalent of $485 million in 20-year bond program in the local market, according to a report from Fitch Ratings.
The Santiago-based power company could issue the new notes in US dollars, Chilean pesos or inflation-linked unidades de fomento (UFs), according to Fitch.
The rating agency assigned Cochrane an A+(cl) rating on the local scale with a stable outlook, citing the company's stable and
Cochrane plans to raise up to $458 mln in a 20-year bond program in the local market