Chilean Wood Firm Places 2-Tranche

Chilean wood products maker Celulosa Arauco has sold $146m equivalent in 5 and 21-year domestic bonds denominated in the UF inflation-linked unit. It placed UF2m ($73m) in 4.25% of 2030 bonds at 96.93 to yield 4.54% and UF2m in 2.25% of 2014s at 95.08 to yield 3.5%. Proceeds are for refinancing debt and general corporate purposes. IM Trust managed the sale, rated AA on a national scale. Meanwhile, Chilean industrial group Sigdo Koppers is expected to sell today about $107m equivalent in 2019 and 2024 UF-denominated bonds through Banchile and BBVA.