By Christine Van Dusen
Atlanta, Aug. 3 – Empresa Nacional del Petroleo (ENAP) priced $700 million 3¾% 10-year notes at 98.353 to yield 3.951% on Wednesday, a market source said.
The notes were issued to help fund a $600 million tender offer.
Citigroup and JPMorgan were the bookrunners for the deal.
Santiago-based ENAP is a state-owned energy development and production enterprise of the Republic of Chile.
| Issuer: | Empresa Nacional del Petroleo (ENAP)
|
| Amount: | $700 million
|
| Maturity: | Aug. 5, 2026
|
| Description: | Notes
|
| Bookrunners: | Citigroup, JPMorgan
|
| Coupon: | 3¾%
|
| Price: | 98.353
|
| Yield: | 3.951%
|
| Trade date: | Aug. 3
|
| Settlement date: | Aug. 5
|
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