May 5, 2020 |
Empresa de Transporte de Pasajeros Metro, the company that operates the subway system in Santiago, raised $1.5 billion on Monday in a two-part bond deal that was almost five times oversubscribed, a source involved in the transaction told LatinFinance.
The company divided the deal into $500 million in 10-year bonds and $1 billion in 30-year bonds, the source said. The 2030 notes priced at 99.759 with a coupon of 3.65% to yield 3.679%, or 305 basis points over US Treasury notes, while the 2050 not
Metro collects $7 bln in orders in a two-part deal and prices notes below Codelco's latest offering