Transelec launches $375 million notes due 2025 at 178 bps spread

By Christine Van Dusen

Atlanta, July 9 – Chile’s Transelec SA launched a $375 million issue of notes due January 2025 (expected ratings: Baa1/BBB/BBB-) at a spread of 178 basis points over Treasuries, a market source said.

JPMorgan, Scotiabank Capital, Citigroup and Mitsubishi UFJ Securities are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for refinancing and general corporate purposes.

Transelec is a Santiago, Chile-based electricity transmission company.

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