Aguas Andinas Sets Bond Terms

Chilean water utility Aguas Andinas is set to issue UF2.75m ($112.69m) in bonds on the domestic market today, according to Armando Briceno, a DCM banker with Larrain Vial, who is handling the sale alongside BBVA. Aguas originally intended to issue up to UF4.00m in 3 tranches. The current deal will offer a UF1.00m 6.5-year tranche with a 3.90% coupon and a UF1.75m 21.0-year tranche with a 4.20% coupon, the banker adds. Proceeds will finance the company’s investment plans.