New York, April 10, 2014 -- Moody's today assigned a Baa2 rating to Empresa Nacional de Electricidad S.A.'s (Endesa Chile) proposed US$400 million 10-year senior unsecured yankee bonds. Concurrently, Moody's also affirmed Endesa Chile's Baa2 senior unsecured rating. The rating outlook is stable. Proceeds from the issuance will be largely used to repay Endesa Chile's outstanding intercompany loan with its majority shareholder Enersis S.A. (Enersis) that currently approximates US$350 million as well as for other general corporate purposes.

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