Chile Food Co Sells Local Bonds

Chilean food and agricultural products producer Empresas Carozzi has sold $126m-equivalent in 7 and 21-year inflation-indexed bonds on the domestic market. Carozzi issued UF1m ($36m) in 4.60% of 2016 bonds priced at 102.08 to yield 3.55%. It also priced UF2.5m in 5.70% of 2030 bonds at 103.25 to yield 4.84%. Proceeds from the transaction, rated A+ on a national scale, will be used to refinance debt. BBVA managed the sale.