Alfa Desarrollo finances acquisition in bond market

Alfa Desarrollo finances acquisition in bond market

Corporate & Sovereign Strategy Bonds Debt Fixed Income Chile Netherlands Spain Capital Markets Energy Electricity

Alfa Desarrollo, a consortium led by Dutch pension fund APG, issued $1.1 billion in 30-year bonds on Thursday, raising the funds to buy transmission assets from Chilean utility company Colbún, a source involved in the deal told LatinFinance. Alfa Desarrollo priced the new 2051 bonds at par to yield 4.55% after putting the initial price talk in the low-5% area, setting guidance at 4.5%, plus or minus 12.5 basis points, and launching at 4.55%, the source said. Citi, JPMorgan, Santander and SMBC we

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