By Christine Van Dusen
Atlanta, Jan. 29 - Chile's Empresa de Transporte de Pasajeros Metro SA (Metro de Santiago) priced $500 million 4¾% 10-year notes (/AA-/A) at 99.246 to yield 4.846%, or Treasuries plus 210 basis points, a market source said.
BBVA and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to fund capital expenditures and for general corporate purposes.
The company is Chile's state-owned mass transport firm, which manages Santiago's rapid transit system.
| Issuer: | Empresa de Transporte de Pasajeros Metro SA (Metro de Santiago)
|
| Amount: | $500 million
|
| Maturity: | Feb. 4, 2024
|
| Description: | Notes
|
| Bookrunners: | BBVA, Deutsche Bank
|
| Coupon: | 4¾%
|
| Price: | 99.246
|
| Yield: | 4.846%
|
| Spread: | Treasuries plus 210 bps
|
| Change-of-control put: | At par
|
| Trade date: | Jan. 29
|
| Settlement date: | Feb. 4
|
| Ratings: | Standard & Poor's: AA-
|
| Fitch: A
|
| Distribution: | Rule 144A and Regulation S
|
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