Transelec Gets Private Placement

Chile’s Transelec has raised UF1.9m though a private bond placement, it says. The power transmission company’s 2032 bonds priced at 97.55 with a 4.05% coupon to yield 4.23%. Corpbanca managed the sale. The bonds represent the remainder of 2032 bonds authorized for a January sale, when Transelec raised UF1.5m of bonds priced to yield 4.24%. Transelec is rated A+ on a national scale.