CMPC Issues $135 Million Local Bonds

Chilean pulp, paper and paperboard manufacturer Compania Manufacturera de Papeles y Cartones (CMPC) has issued $135 million worth of local inflation-linked bonds. The bonds, which mature in 2027, were issued in Unidades de Fomento (UF), Chile’s inflation-linked currency unit. The money raised from the issue will be used to fund expansion. The company operates in Chile, Argentina, Mexico, Uruguay and Peru.