Chile’s Empresa Electrica Angamos talks $800 million 2029 notes at high-200-300 bps spread

By Christine Van Dusen

Atlanta, Nov. 20 – Chile-based Empresa Electrica Angamos SA set talk for an $800 million offering of 2029 notes (expected ratings: Baa3//BBB-) at a spread of Treasuries plus a high-200 basis points to 300 bps, a market source said.

Citigroup, HSBC, JPMorgan, Itau, Scotia Capital and Sumitomo are the bookrunners for the Rule 144A and Regulation S deal.

The amortizing bond will have a 9.3-year average life, with a 3½-year grace period before amortization begins.

The issuer is a Santiago-based thermal power plant operator and subsidiary of Inversiones Nueva Ventanas SA.

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