Banks Tapped For Gualcolda Syndication

Chilean generating company Empresa Eléctrica Guacolda has tapped lead Calyon and MLAs Scotia Capital and Corpbanca for a 15-year $260m loan to fund construction of a 152MW coal and petcoke-fired power plant near Maitencillo in northern Chile. The leads are said to have approached a few banks for a club deal and general syndication is also being considered. Last year, Calyon led a $390m expansion financing and refinancing of debt tied to three Gualcolda plants. The borrower is jointly owned by AES Gener (50%), local industrial conglomerate Empresas Copec (25%) and Ultraterra (25%).