Chile Electricity Generator Endesa Sells $340 Million in Debt

By Nathan Gill      Dec. 18 (Bloomberg) — Empresa Nacional de Electricidad SA, Chile’s biggest electricity generator, sold about $340 million in bonds, the company said.      The company known as Endesa sold debt for 10 million unidades de fomento, Chile’s inflation-adjusted accounting unit, in 21-year notes, the company said in an e-mailed statement.     … Read More Chile Electricity Generator Endesa Sells $340 Million in Debt

D&S Rises Most in 2 Months on Acquisition Speculation (Update2)

By James Attwood and Nathan Gill      Dec. 18 (Bloomberg) — Distribucion y Servicio D&S, Chile’s biggest grocer, rose the most in two months in Santiago trading on renewed speculation it will be acquired by another retailer.      “This stock is always with rumors that someone would buy it,” Alvaro Pipino, head of research at… Read More D&S Rises Most in 2 Months on Acquisition Speculation (Update2)

Velasco Expects Little Fallout From Ecuador Default in Chile

By Nathan Gill      Dec. 18 (Bloomberg) — Chile’s Finance Minister Andres Velasco comments on the potential economic consequences in Chile of Ecuador’s decision to default on $3.9 billion of international debt. Velasco spoke today in an interview in Santiago. On the affects of Ecuador’s decision to default on Chile’s economy:      “None. What Chile… Read More Velasco Expects Little Fallout From Ecuador Default in Chile

Chile’s Cap Advances to Two-Week High as Metals Climb (Update1)

By James Attwood and Nathan Gill      Dec. 17 (Bloomberg) — Cap SA rose to the highest in two weeks in Santiago trading as an increase in global metals prices eased concerns over waning demand for the iron-ore and steel products that the company produces.      Cap gained 1.6 percent to 7,150 pesos, the highest… Read More Chile’s Cap Advances to Two-Week High as Metals Climb (Update1)

Chile’s Aguas Andinas to Sell Up to $148.7 Million of Bonds

By Nathan Gill      Dec. 17 (Bloomberg) — Aguas Andinas SA, Chile’s biggest water company, plans to sell as much as $148.7 million in bonds, according to a statement posted on the securities regulator’s Web site.      The Santiago-based company will issue as much as 3.5 million UF, Chile’s inflation-adjusted currency, or about $117 million,… Read More Chile’s Aguas Andinas to Sell Up to $148.7 Million of Bonds

Chilean Equity Movers: Embotelladora Andina, La Polar, Soqumich

By James Attwood and Nathan Gill      Dec. 16 (Bloomberg) — The following companies had unusual price changes in Chilean trading. Stock symbols are in parentheses, and share prices are as of 3:48 p.m. in New York.      The Ipsa index rose 0.5 percent to 2,335.70.      Embotelladora Andina SA (ANDINAB CC) advanced for the… Read More Chilean Equity Movers: Embotelladora Andina, La Polar, Soqumich

Santander Chile Falls on Earnings Slowdown Concern (Update1)

By Nathan Gill and James Attwood      Dec. 15 (Bloomberg) — Banco Santander Chile, the nation’s biggest lender, fell the most on the main stock index on concern the global economic slowdown will reduce earnings.      The Santiago-based bank declined for the third time in four days, sliding 3.8 percent to 20.21 pesos. Its American… Read More Santander Chile Falls on Earnings Slowdown Concern (Update1)