March 26, 2021 |
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
Chilean fuel distributor raises $81 mln in the sale of inflation-linked notes