Chile-owned EFE keeps Lat Am pipeline on track

By Oliver West
10 Aug 2020

Empresa de los Ferrocarriles del Estado (EFE), the only operator of long distance passenger railways in Chile, is looking to debut in international bond markets with a 10 or 30 year bond of up to $500m.

Goldman Sachs and Santander began investor calls with EFE on Friday as the company looks to raise funds to finance capex and refinance existing debt.

Historically, EFE’s owner the Chilean government has covered its debt service. But the company’s financial plan indicates that debt service for 2020 and ...

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