Chile’s Entel launches $800 million notes due 2026 at Treasuries plus 230 bps

By Christine Van Dusen

Atlanta, July 17 – Chile’s Empresa Nacional de Telecommunicaciones SA (Entel) launched an $800 million issue of notes due Aug. 1, 2026 (expected ratings: Baa2/BBB/BBB+) at Treasuries plus 230 basis points, a market source said.

JPMorgan and Santander are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to refinance certain existing indebtedness and for general corporate purposes.

The issuer is a Santiago-based telecommunications company.

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