Metro de Santiago tenders for all $500 million 4¾% notes due 2024

By Sarah Lizee

Olympia, Wash., April 30 – Empresa de Transporte de Pasajeros Metro SA (Metro de Santiago) launched a cash tender offer for any and all of its $500 million 4¾% notes due 2024 (Cusips: 29246QAA3, P37466AJ1), according to a press release.

The purchase price is $1,078.75 per $1,000 of notes.

Holders will also receive accrued interest to but excluding the settlement date.

The tender deadline is 5 p.m. ET on May 6.

Tenders may be withdrawn prior to the deadline.

The offer is subject to some conditions.

The dealer managers are Morgan Stanley & Co. LLC (800 624-1808 or 212 761-1057) and Scotia Capital (USA) Inc. (800 372-3930 or 212 225-5559).

The tender and information agent is Global Bondholder Services Corp. (866 470-3700 or 212 430-3774).

The company is Chile's state-owned mass transport firm, which manages Santiago's rapid transit system.

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