August 12, 2020 |
Chile's state-owned railroad company Empresa de los Ferrocarriles del Estado (EFE) made its debut in the cross-border bond market by selling $500 million worth of 30-year bonds on Tuesday.
The train operator priced the 2050 bonds at par with a coupon of 3.068%, or 175 basis points over US Treasury notes, the company said in a statement. Orders came from more than 100 institutional investors from Asia, Europe, North America and Latin America, it added.
With Goldman Sachs and Santander as bookrunn
Chilean state-owned rail company makes its cross-border bond debut with $500 mln in 30-year paper