Chilean Water Company Signs Loan

Esval has signed a UF1.5m ($65.5m) 5-year bullet loan with BBVA. The loan pays 3.85%, to be made in semi-annual payments. The water treatment company will use proceeds to pay down outstanding commercial paper, says CFO Agustin Benavente. The loan is being done in accordance with the company’s strategy to issue long-term debt, he says.