Empresa Nacional del Petróleo’s $680 Million Note Offering

November 6, 2018

Cleary Gottlieb represented Citigroup Global Markets Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.; and Scotia Capital (USA) Inc., as initial purchasers, in the 144A/Reg S offering by Empresa Nacional del Petróleo (ENAP) of its $680 million 5.25% notes due 2029.

The transaction launched on October 29, 2018, priced on October 30, 2018, and closed on November 6, 2018.

ENAP is wholly owned by the Republic of Chile and is Chile’s largest hydrocarbon producer, the country’s only petroleum products refiner, and the leader of Chile’s market for wholesale distribution of refined petroleum products.