CGE Plans Dual Tap

Chile-based Cia. General de Electricidad says it plans to issue 20m shares, which based on a closing price of CLP3,350 per share, would be worth $125m. Meanwhile, subsidiary CGE Transmision issued on Wednesday UF3.5m ($135m) in bonds to pay down debt and finance investment projects. The 2020 bonds have an annual interest rate of 4.3%. Banchile led the offering.