Chilean Industrial Launches UF Bonds

Chilean industrial group Sigdo Koppers has placed UF3m ($107m) in inflation-linked bonds in the local market. It priced UF1m in 4.10% coupon 10-year bonds at 97.51 to yield 4.97% and UF2m in 4.5% coupon 21-year bonds at 98.13 to yield 5.48%. The 2 series come with respective grace periods of 5 and 10 years. Proceeds will refinance debt and fund new investment. Banchile and BBVA are managing the sale, rated A on a national scale.