EPM highlighted the operation as a sign of the financial sector’s confidence in the management of Aguas Antofagasta.
Empresas Públicas de Medellín (EPM) reported that its subsidiary in Chile, Aguas Antofagasta, successfully carried out another foray into the capital market of that country, through the award of bonds for the equivalent of USD $ 175.9 million.
It is, according to EPM, the “second time” in which “the confidence of the financial sector is demonstrated in the management of Aguas Antofagasta.”
Through a statement, he explained that “with this issue, the debt reprofiling strategy continues to meet the organization’s challenges at the investment level and obligations with its stakeholders.”
“I must highlight the relevance of this issue, if one takes into account the process of recovery of the economies in the current context, in which uncertainty persists worldwide and a social process is developing in Chile,” said the manager of Aguas Antofagasta , Carlos Mario Méndez.
The first issuance was carried out in December 2020. This time the operation was also carried out in two lines, one short-term with final maturity in 2025 and the other long-term with maturity in 2033.
“The award of the bonds, carried out on Friday, May 14, 2021, was demanded 1.3 times and sends a powerful message of confidence from the various groups of investors, who had largely already participated in the first issuance, among which insurance companies, banks, pension funds, mutual funds, investment funds and brokerage firms stand out ”, explained EPM in its statement.
The bond issue obtained a local risk rating AA- equal to that of the company by the rating agencies Fitch Ratings and Humphreys.
