Chicago, Sept. 10 – Chile’s Empresa de los Ferrocarriles del Estado (EFE) sold $500 million of 3.83% 40-year notes (A/A-), according to a press release.
Banco Santander and Scotiabank were bookrunners for the Rule 144A and Regulation S offering.
Proceeds will be used to continue financing the “Chile on Rails” plan that seeks to triple the number of passengers and double the cargo moved by 2027.
This is the second international placement by the issuer. The first international issue was carried out in August 2020.
The issuer is a Santiago-based transportation company.
An earlier version of this story reported the issuer as Entel. The issuer was EFE and all of the terms have been updated accordingly.
| Issuer: | Empresa de los Ferrocarriles del Estado (EFE)
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| Issue: | Senior notes
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| Amount: | $500 million
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| Maturity: | Sept. 14, 2061
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| Bookrunners: | Banco Santander and Scotiabank
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| Coupon: | 3.83%
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| Trade date: | Sept. 7
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| Ratings: | S&P: A
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| Fitch: A-
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| Distribution: | Rule 144A and Regulation S
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