Saesa Gets Local Bond

Chilean electricity transmission company Saesa has sold UF2m ($86m) in domestic bonds, completing a sale it has initially hoped to hold in September. A UF1m 8-year bond with a 2-year grace period priced at 97.92 with a 3.0% coupon to yield 3.45%. A UF1m 21-year bond with a 10-year grace period priced at 96.90 with a 3.60% coupon to yield 3.87%. Proceeds are marked for repaying debt. IMTrust managed the sale, rated AA on a national scale.