APG and Celeo have completed the acquisition of Colbún Transmisión in Chile through their affiliate Alfa Desarollo. Colbún Transmisión is a power transmission service provider based in Chile. It operates 899 kilometers of transmission lines and 27 substations.

Astris Finance facilitated financing services for the APG and Celeo in this transaction worth US$1.172 billion. The financing was structured as a US$1.09 billion project bond that has a 30-year final maturity and a 24-year average life. JP Morgan acted as Global Coordinator, and Citibank, Santander and SMBC served as Joint Bookrunners. The Joint Bookrunners also provided a letter of credit facility recourse to Alfa Desarollo, which was structured by Astris as part of the acquisition financing package.