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Get the news on sustainable finance & investment in Latin America Name * First Last Email * Company * Job Title * Δ NEWSLETTER DELIVERED MONTHLY THANKS TO Chilean water company Aguas Andinas priced its first local bonds in almost six years this week, raising UF4 million ($112 million) in a sale of 21-year sustainable notes. The company issued the new inflation-linked 2046 notes at a fixed rate of 3.19%, equal to a spread of 79 basis points, it said Thursday in a press release. The deal was 1.7 times oversubscribed. Aguas Andinas said it intends to use the proceeds to fund ESG investments and pay down short-term debt. ADVERTISEMENT Respect the Environment, Protect People, and Improve Quality of Life: How To Build Green Houses Developing sustainable and affordable housing for the most vulnerable populations is a major challenge in a changing global context that requires buildings and infrastructure to incorporate climate change mitigation and adaptation measures. “These initiatives generate a positive impact both in the environmental and social spheres of the country, as well as representing the firm commitment to continue providing the drinking water and sanitation service in a continuous and safe manner,” it said. The company last issued bonds in the local market in March 2019 when it printed UF2.5 million worth of 25-year notes to pay off debt and fund investments, according to its website. UF, or unidad de fomento , is a local inflation-adjusted unit of account. More Sustainable Finance & Investment News FREE TO READ THANKS TO CABEI, Funo price ESG bonds CABEI talks pricing for sustainable bonds Acciona taps SLL Funo firms up new SLB issuance Aegea subsidiary tees up ESG bond deals Aeris gets bond waiver Cross-border bond markets lure more LatAm issuers BNDES approves Raízen credit line IDB lines up dual bond offering Chile prices back-to-back global deals Grenergy nabs another loan Investors find ESG ‘bright spot’ in tough market Load more posts Something went wrong. Please refresh the page and/or try again.
