Metro de Santiago sees tenders of $337.74 million 4¾% notes due 2024

By Wendy Van Sickle

Columbus, Ohio, May 6 – Empresa de Transporte de Pasajeros Metro SA (Metro de Santiago) took in tenders of $337,735,000 notes in its 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, which is expected to be May 7.

The tender expired at 5 p.m. ET on May 6.

The offer was announced on April 30.

Tenders could be withdrawn prior to the deadline.

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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