Chicago, Aug. 17 – Chile’s Empresa de los Ferrocarriles del Estado (EFE) made its first bond placement in the international market with $500 million of 3.068% 30-year notes (A+/A), according to an announcement.
Goldman Sachs and Banco Santander USA worked as bookrunners for the offering.
More than 100 institutional investors from Asia, Europe, North America and Latin America participated.
Proceeds are expected to be used for project financing, specifically various projects of the Chile Sobre Rieles plan, such as the train to Santiago – 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.
| Issuer: | Empresa de los Ferrocarriles del Estado (EFE)
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| Issue: | Bonds
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| Amount: | $500 million
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| Maturity: | 30 years
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| Bookrunners: | Goldman Sachs and Banco Santander USA
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| Coupon: | 3.068%
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| Ratings: | S&P: A+
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| Fitch: A
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| Pricing date: | August 11
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| Marketing: | Roadshow
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