Aguas Andinas issues US$126mn in bonds

- Wednesday, April 13, 2011

Aguas Andinas issues US$126mn in bonds

Chilean water utility Aguas Andinas has issued two bond series totaling US$126mn on the local market to finance its current investment scheme.

The first was a 22.5-year bond series issued at 1.5mn UF (Chile's inflation-linked unit; US$68.7mn), at an internal rate of return (TIR) of 3.75%, local press reported.

The second series includes 1.25mn UF in five-year bonds with a TIR of 3.18%.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

The issues were structured and placed by LarrainVial and BBVA.

Aguas Andinas, which serves Chile's metropolitan region, is controlled by Aguas de Barcelona (Agbar), owned by French group Suez Environnement.