Aguas Andinas Taps Local Market

Chile’s Aguas Andinas has raised UF1.65m ($73m) in the local bond market, with proceeds going to finance investment. The water utility priced a 20.5-year UF-denominated bullet bond at 101.05 with a 4.0% coupon to yield 3.92%. Banchile-Citi and Corpbanca led the issue, which has a rating of AA+ on a national scale.