Santiago subway sells 40-year bonds

Santiago subway sells 40-year bonds

Corporate & Sovereign Strategy Fixed Income Bonds Debt Capital Markets Project & Infrastructure Finance Chile

Chile's Empresa de Transporte de Pasajeros Metro, a state-backed company that operates the subway system in Santiago, sold $650 million worth of 40-year bonds on Wednesday, a source involved in the deal told LatinFinance. The company priced the 2061 bonds at par to yield 3.693%, or 175 basis points over US Treasury bonds, according to the source. It had opened the initial price talk around 205 basis point over US Treasury notes and then set guidance at 180 basis points, plus or minus five points

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