Masisa Places Local Long Bonds

Chilean board products manufacturer Masisa has sold $103m-equivalent in 2029 bonds denominated in the UF inflation-linked unit. The 5.25% notes feature a 10-year grace period and were priced to yield 6.42%, according to a regulatory filing. Masisa plans to use proceeds to refinance debt and make capital investments. BBVA managed the sale, which was rated A on a national scale.