Colbún in $600 Million Offering

October 19, 2021

Cleary Gottlieb represented Colbún S.A. (Colbún) in its up to $600 million Rule 144A/Reg S green bond debt offering of 3.15% senior notes due 2032.

The debt offering launched on October 12, 2021, and closed on October 19, 2021. Colbún will use the proceeds to finance or refinance, in whole or in part, recently completed green projects.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., and Santander Investment Securities Inc. acted as initial purchasers for the bond offering.

Colbún is the third-largest power generation company in Chile’s main power grid, the Integrated National System. Through its Fenix subsidiary, Colbún also operates in Peru’s National Interconnected System. Colbún is majority owned by the Matte Group, one of Chile’s largest and most prominent investment groups.