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, in 30-year bonds. The sale will include as much as 20 billion pesos, or about $31.2 million in 10-year notes, the company said in the statement.

     Aguas Andinas will use the bonds to repay existing debt and finance investments, according to the statement.