Transmision Austral offers $390 million 10-year green notes; talk low 200 bps area over Treasuries

By Cristal Cody

Chicago, Jan. 20 – Chile’s Sociedad de Transmision Austral SA is offering $390 million of senior green notes with a 10-year tenor (Baa2//BBB) in the Thursday market, according to a market source.

The notes, due Jan. 26, 2032, are being talk in the low 200 basis points area over Treasuries.

Itau Unibanco and Scotiabank are selling the notes for the issuer under Rule 144A and Regulation S.

Proceeds will be used for a debt refinancing associated to a reorganization process, according to Fitch Ratings.

The Osorno, Chile-based company operates in the electric power sector.

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