Per The Wall Street Journal this past week, Chile’s AES Gener issued $183 million of bonds in the local market. It has placed 10-year bonds denominated in dollars with an internal rate of return of 8.5%, compared with the 8.65% originally offered. The company will use the proceeds to fund its investment and growth plans. Gener is the second-largest power generator in Chile.

As for the country in general, Chile’s central bank cut its benchmark interest rate for a fourth time this year in an effort to pull the economy out of its worst slump in a decade. According to Bloomberg, economists expect the economy to shrink 0.5% in 2009, according to the median of 34 forecasts. And industrial output fell 11.5% year-on-year in February, according to the National Statistics Institute–the biggest decline since 1990.

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