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Chile’s E-CL revives plans for $350 million 10-year notes talked at 250 bps area over Treasuries
By Christine Van Dusen
Atlanta, Oct. 24 – Chile’s E-CL SA has revived plans for a $350 million offering of notes due in January 2025 (expected ratings: /BBB/BBB), with talk set in the Treasuries plus 250 basis points area, a market source said.
BofA Merrill Lynch, Citigroup, HSBC, BTG Pactual and Credit Agricole CIB are the bookrunners for the Rule 144A and Regulation S deal.
The notes could price as soon as Friday.
The proceeds will be used for the repayment of outstanding project financing loans and costs arising from the early termination of related interest-rate swaps.
E-CL is a Santiago holding company with assets in electricity and natural gas.
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