Alto Paraná Hauls in $270m

Alto Paraná, the Argentine subsidiary of Chilean forestry company Arauco, raised $270m in 10-year bonds Thursday at 135bp over US Treasuries to yield 6.47%. The deal came at the tight end of the 135bp-140bp guidance. The new notes, rated AAA locally by S&P, are guaranteed by Arauco, and come from a $350m program. JPMorgan led.