Sacyr Concessions issues two bonds in Chile for 254 million euros

Both issues have been well received in the local market with 2.5 x demand, which reflects the investor’s confidence in the company's strategy and the development of the Group.

The funds raised will be used to refinance financial liabilities and associated expenses, as well as other financial operations of the company

29/04/2019

Sacyr Concessions has successfully issued two bonds (A and B series) in Chile at historical rates for 190,800 million pesos, equivalent to around 253.8 million euros.

The issue has been well received in the Chilean market, recording a demand of 2.5 x the price offered, which reflects the investor’s confidence both in the Company’s strategy in Chile and in the positive expected development of the Group's business.

A series A bond- around 153,700 million pesos (204.4 million euros) - will accrue a fixed annual interest of 1.3% during their 12-year term, while the B series -37,158 million pesos (49.4 million euros) -, with a term of 9 years, will accrue an interest of 1.25%.

The funds will be used to refinance financial liabilities and associated expenses, as well as other financial operations of the company.

Los fondos serán destinados al refinanciamiento de pasivos financieros y gastos asociados, así como a otras operaciones financieras de la compañía.

Sacyr in Chile

The presence of Sacyr in Chile goes back 22 years, when the first contract was awarded in 1996 to build and operate the Los Vilos-La Serena highway, at the beginning of the Concession System

Since then, it has invested about 6,500 million dollars in several projects, 2 airports, 13 of them concessioned routes that represent more than 1,500 km of roads. In terms of hospital infrastructure, 6 hospitals have been awarded, totaling more than 1,500 beds and almost 629,000 m2

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