Celulosa Arauco Sells Domestic Paper

Chilean paper company Celulosa Arauco has placed UF5m ($214m) in local 10-year bonds. The notes priced at 100.57 with a coupon of 3.25% to yield 2.93%, a spread of 53bp over the government benchmark. Proceeds will be used to refinance debt. BBVA and Corp Capital Corredores led the sale. Arauco is rated AA on a national scale.