Chile’s ENAP talks notes due 2031 at Treasuries plus 250 bps area

By Cristal Cody

Chicago, Sept. 9 – Empresa Nacional del Petroleo is in the market with an offering of senior notes due 2031 (Baa3//A-) that is being talked at a spread in the Treasuries plus 250 basis points area, according to a market source.

BofA Securities, Goldman Sachs, Mizuho, Santander and Scotia are working as bookrunners for the Rule 144A and Regulation S transaction.

The notes will be used to refinance the $410 million of senior notes due in December, according to Fitch Ratings, and for general corporate purposes.

The energy company owns 100% of Chile’s refining capacity.

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