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EFE returns with new benchmark bond

EFE returns with new benchmark bond

September 8, 2021 | Hernán Goicochea
Chile's state-owned railroad company prints $500 mln in 40-year notes at 3.83% as orders top out at $1.5 bln

Corporate & Sovereign Strategy Bonds Debt Fixed Income Railroads Chile

Chile's state-owned railroad company Empresa de los Ferrocarriles del Estado (EFE) sold $500 million worth of 40-year dollar denominated bonds on Tuesday after orders topped out at more than $1.5 billion, a source involved in the deal told LatinFinance. EFE priced the 2061 bonds at par to yield 3.83%, equal to a spread of 185 basis points over US Treasury bonds, the source said. The company had opened the initial price talk around 210 basis points over US Treasury notes and set guidance at 190 b

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