Chile:
Enersis Issued A USD600 Million Bond
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Chadbourne & Parke LLP in New York and Carey in Santiago
have helped Chilean power company Enersis issue US$600 million
worth of notes.
The joint bookrunners hired the New York office of Davis Polk
& Wardwell LLP and Claro & Cía in Santiago. Enersis
issued the 4% notes, which are due in 2026, on 25 October.
It is thought the trustee, BNY Mellon, called on Carter Ledyard
& Milburn LLP, but this could not be confirmed before
publication.
Enersis, which is controlled by Italy's Enel, wants to use
the proceeds to repay 7.4% notes due in December and repurchase
stock from shareholders in preparation for its mooted merger with
Chilectra, another local electricity distributor.
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