Chile’s EFE conducting roadshow for debut offering, to wrap during week

Chicago, Aug. 10 – Chile’s Empresa de los Ferrocarriles del Estado (EFE) is conducting a roadshow for $500 million of notes (A+/A), its debut in the international market, according to a company announcement.

The placement is expected to wrap in the Aug. 10 week.

Goldman Sachs and Banco Santander USA are working as bookrunners for the offering.

Proceeds are expected to be used for project financing, specifically various projects of the Chile Sobre Rieles plan, such as the train to Stantiago – Melipilla, the new bridge over the Biobio and the train to Chillan, among others.

The issuer is the national railway of Chile with headquarters in Santiago.

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