Chile’s CGE Wires Local Debt

Chilean power transmission company CGE Transmision is planning to sell up to $132m-equivalent in domestic bonds denominated in the UF inflation-indexed unit, it says. It will have the option of offering up to UF1m ($38m) in 3.0% 2016 bonds featuring a 2-year grace period and up to UF3.5m in 4.3% 2039s featuring a 15-year grace period. The total size of the AA/AA minus offer won’t exceed UF3.5m. The issue is expected later this month, with investor presentations beginning this week, according to a company official.