Water Utility Readies Return to Chilean DCM

Chile’s Aguas Andinas is in the process of registering a domestic bond shelf of up to UF6m ($273m), for maturities of up to 30 years. Additional details are not yet available. The water utility last visited the market in April, issuing UF2m in 3.8% 2036 domestic bonds at a 3.8% yield, or 123bp wide to the government benchmark. Santander managed that deal, rated AA+/AA+ on a national scale.