SQM Places Domestic Bonds

Chilean fertilizer and chemical producer SQM has sold $147m equivalent in 5-year bonds on the domestic market. It priced UF1.5m ($54m) in 3.00% inflation-indexed bonds at 97.07 to yield 3.67% and CLP52bn ($93m) in 5.50% peso-denominated notes at 97.40 to yield 6.14%. Proceeds from the transaction, rated AA minus on a national scale, will be used to refinance debt. IM Trust and Larrain Vial managed the sale. SQM has been an active participant in Chilean DCM this year as it refinances debt. It also sold $173m equivalent in 5 and 21-year peso and UF-denominated bonds in January.