By William Gullotti and Cristal Cody
Buffalo, N.Y., April 11 – Engie Energia Chile SA sold $500 million of 6 3/8% 10-year green notes (BBB/BBB) on Wednesday, according to information provided by a market source on Thursday.
The notes priced at 197 basis points over Treasuries. Price guidance was in the Treasuries plus 200 bps area, plus or minus 3 bps, revised from initial talk in the Treasuries plus 225 bps area.
JPMorgan, Santander and Scotiabank are the bookrunners.
According to Fitch Ratings, the proceeds will be used to fund an expected tender offer for the company’s $350 million of notes due 2025 and for general corporate purposes.
Formerly known as E.CL SA, Engie is an electric power distribution company based in Santiago, Chile.
| Issuer: | Engie Energia Chile SA
|
| Amount: | $500 million
|
| Issue: | Green notes
|
| Maturity: | April 17, 2034
|
| Bookrunners: | JPMorgan, Santander and Scotiabank
|
| Coupon: | 6 3/8%
|
| Spread: | Treasuries plus 197 bps
|
| Pricing date: | April 10
|
| Ratings: | S&P: BBB
|
| Fitch: BBB
|
| Price guidance: | Treasuries plus 200 bps area, plus or minus 3 bps; initial talk in the Treasuries plus 225 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
