EFE, SAAM join the flurry of bond sales

EFE, SAAM join the flurry of bond sales

Bonds Debt Corporate & Sovereign Strategy M&A Chile Latin America

Chile's state-owned rail company Grupo EFE and maritime logistics company SAAM have sold inflation-linked bonds in the local market, joining a spate of issues as companies take advantage of low interest rates. EFE said it sold UF3.87 million ($136 million) in 25-year notes at a fixed rate of 1.5% per year with Banchile as the bookrunner, according to a securities filing. The company added that it will use the proceeds to finance investments, including to replace tracks, revamp level crossings, r

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