UPDATE 1-Chile generator Colbun signs $400 mln credit
(Adds $200 million bond placement)
SANTIAGO, Aug 6 (Reuters) - Chile's second-biggest power generator, Colbun COL.SN, said on Wednesday it signed a $400 million, five-year syndicated loan to refinance debt.
The Santiago-based company also said it auctioned about $200 worth of bonds on Wednesday.
The face value of the two bond issues was 5 million UF, Chile's inflation-adjusted currency unit.
The series 'I' bonds had a value of 3 million UF, a maturity of 21 years and a coupon rate of 4.5 percent. The bonds sold at 95.90 percent of face value and an internal rate of return of 4.89 percent. The bonds will begin amortizing after 10 years.
The series 'G' bullet bonds, with a value of 2 million UF, a maturity of 5.5 years and a coupon rate of 3.8 percent, sold at 99.57 percent of face value, for an internal rate of return of 3.89 percent.
Colbun said the sindicated loan was led by ABN-AMRO, BBVA, Banco de Chile/Citigroup, Itau and Santander and also included Rabobank, ING, BNP-Paribas, Calyon, HSBC, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi, UFJ and JP Morgan Chase. (1 UF = 20,600.49 pesos) (1 dollar = 511.6 pesos) (Reporting by Manuel Farias; Writing by Lisa Yulkowski; Editing by Dan Grebler)
