Esmax makes UF bond debut

Esmax makes UF bond debut

Corporate & Sovereign Strategy Bonds Debt Fixed Income Latin America South America Andean Chile Capital Markets Oil

Esmax Distribución, the third-largest fuel distribution company in Chile, said it raised UF2 million ($81 million) in its debut sale of inflation-linked bonds on the local market. Esmax, which operates more than 279 service stations under the branding of Brazil's state-owned oil company Petrobras, sold the 9.5-year bonds at 2.45%, or 220 basis points over the reference rate, according to a securities filing. The company issued the notes in unidades de fomento, or UFs, a unit of account adjusted

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