September 10, 2021 |
Chile's state-owned oil company Empresa Nacional del Petroleo (ENAP) sold $560 million worth of 10-year bonds on Thursday, raising money to fund the buyback of up to $410 million in outstanding 2021 notes, a source involved in the deal told LatinFinance.
The 2031 bonds carried a coupon of 3.45% and priced at 99.648 to yield 3.492%, or 220 basis points over US Treasury bonds, the source said.
ENAP started the initial price talk around 205 basis points over US Treasury bonds and put guidance at 22
Chile's state-owned oil company raises $560 mln to pay off bonds that mature this year