June 25, 2020 |
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
Chile's state-owned rail company raises $136 mln in the local market, while the logistics company snares $42 mln