Chilean Aguas Andinas Plans $232 Million Local Bonds

Chile’s largest sewage and drinking water firm, Aguas Andinas, is planning to issue up to $232 million worth of bonds in the local market. Aguas Andinas, which is owned by Spain’s Aguas de Barcelona (Agbar), will issue up to UF1.6 billion of ‘reajustable’ or inflation-linked bonds with a seven-year maturity. The company said it is also planning to issue a UF5 million 21-year inflation-linked bond at a later date.