CGE prints UF bonds

CGE prints UF bonds

Corporate & Sovereign Strategy International Financial Institutions Bonds Debt Fixed Income Andean Chile South America Latin America Capital Markets Energy Electricity

CGE Transmisión, the power line division of Chilean utility Compañia General de Electricidad (CGE), said it sold UF2 million ($87.9 million) worth of inflation-linked bonds in the local market.  The firm, which is indirectly controlled by the Chinese state-owned utility State Grid, said the notes mature in November 2032 and yield an average of UF plus 3.34%. UFs are a local unit of account that is adjusted for inflation. CGE Transmisión will use 80% of the proceeds to refinance debt and apply th

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