Masisa Sets Terms for Capital Raise

Chilean wood products manufacturer Masisa plans to raise $100m by offering 1.33bn new shares to existing holders, at a price of 7.5 US cents each. The offer is from a $100m capital raising plan approved in December and the sale date will be set following regulatory approval. Masisa placed $103m equivalent in 5.25% of 2029 UF-denominated bonds in January.