Copec Plots Domestic Bond

Chilean fuel and forestry conglomerate Empresas Copec plans to raise up to UF1.5m ($71m) through the issuance of 2021 bonds in the local market. It will chose among two series, a UF-denominated tranche with a 3.25% coupon and a CLP-denominated tranche paying 6.25%. Timing has yet to be announced, but a company official says the deal could take place as soon as next week. Santander is managing.