INTERVIAL Chile launches bonds sale to finance road construction

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ISA Intervial Chile has issued bonds sale in the local market to finance the complementary works of the Ruta del Maipo concession. 

The company has placed a new bond in the local market for UF 5 million, equivalent to approximately US$ 200 million, to fund the works of Section III of Third Ways, while 6%, will be destined for the refinancing of liabilities.

The bond, at 11.5 years, was placed at a historical rate of UF + 1.22% with a demand of 2.3 times and will earn an interest rate of UF + 2.3%, which is due to the strength of the project, the high demand and its risk rating in A + (Feller / Humphreys).

Ruta del Maipo is a 237-km dual carriageway concession located on Route 5 South, including a new South Access to Santiago and a By-Pass to Rancagua, in Chile. 

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