Chicago, May 6 – Empresa de Transporte de Pasajeros Metro SA placed $1.5 billion of notes (A+/A) in two parts, according to a company notice.
Santiago Metro placed $500 million 3.65% 10-year notes and $1 billion 4.7% 30-year notes.
Proceeds will be used to refinance debt.
The offer was 4.8 times oversubscribed to the tune of $7 billion from 370 orders.
Morgan Stanley and Scotiabank worked as bookrunners for the offering.
The issuer is the owner and sole operator of the subway system in the metropolitan region of Santiago, Chile.
| Issuer: | Empresa de Transporte de Pasajeros Metro SA
|
| Issue: | Bonds
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| Bookrunners: | Morgan Stanley and Scotiabank
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| Ratings: | S&P: A+
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| Fitch: A
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| Pricing date: | May 5
|
|
|
| 10-year notes
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| Amount: | $500 million
|
| Maturity: | 2030
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| Coupon: | 3.65%
|
|
|
| 30-year notes
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| Amount: | $1 billion
|
| Maturity: | 2050
|
| Coupon: | 4.7%
|
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